Redmond Asset Management LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,499 shares of the transportation company’s stock after purchasing an additional 231 shares during the period. Redmond Asset Management LLC’s holdings in United Parcel Service were worth $568,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of UPS. RPG Investment Advisory LLC grew its position in United Parcel Service by 277.1% during the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 194 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in United Parcel Service by 65.0% during the second quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 117 shares during the last quarter. Financial Gravity Wealth Inc. bought a new position in United Parcel Service during the first quarter valued at approximately $32,000. First National Corp MA ADV bought a new position in United Parcel Service during the first quarter valued at approximately $38,000. Finally, Whitener Capital Management Inc. grew its position in United Parcel Service by 75.0% during the first quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 55.50% of the company’s stock.
Shares of United Parcel Service stock traded down $0.27 on Thursday, hitting $113.77. The stock had a trading volume of 111,552 shares, compared to its average volume of 4,370,533. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.09 and a current ratio of 1.09. United Parcel Service, Inc. has a one year low of $89.89 and a one year high of $125.09. The firm has a market cap of $98.65 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23. The firm has a 50-day moving average of $109.41.
United Parcel Service (NYSE:UPS) last issued its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.03. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The firm had revenue of $18.05 billion for the quarter, compared to analysts’ expectations of $17.98 billion. During the same quarter last year, the business earned $1.94 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Friday, August 16th. United Parcel Service’s dividend payout ratio is 53.04%.
A number of research analysts have commented on the stock. Loop Capital increased their price target on shares of United Parcel Service to $140.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Stifel Nicolaus cut shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price target on the stock. in a research report on Monday, July 29th. Credit Suisse Group set a $119.00 price target on shares of United Parcel Service and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Berenberg Bank reiterated a “buy” rating on shares of United Parcel Service in a research report on Friday, July 26th. Finally, Deutsche Bank reiterated a “hold” rating on shares of United Parcel Service in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $118.82.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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