Granite Investment Partners LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,985 shares of the transportation company’s stock after selling 1,390 shares during the period. Granite Investment Partners LLC’s holdings in United Parcel Service were worth $1,930,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of UPS. Banco Santander S.A. bought a new position in shares of United Parcel Service during the fourth quarter worth $2,293,000. Leisure Capital Management raised its position in shares of United Parcel Service by 5.3% in the third quarter. Leisure Capital Management now owns 17,811 shares of the transportation company’s stock worth $1,948,000 after buying an additional 892 shares in the last quarter. Pegasus Partners Ltd. raised its position in shares of United Parcel Service by 14.1% in the third quarter. Pegasus Partners Ltd. now owns 17,852 shares of the transportation company’s stock worth $1,952,000 after buying an additional 2,212 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of United Parcel Service by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 600,375 shares of the transportation company’s stock worth $64,420,000 after buying an additional 19,369 shares in the last quarter. Finally, Atlas Brown Inc. raised its position in shares of United Parcel Service by 0.9% in the first quarter. Atlas Brown Inc. now owns 2,296 shares of the transportation company’s stock worth $246,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 53.67% of the company’s stock.
United Parcel Service, Inc. (NYSE:UPS) traded up 0.30% on Friday, reaching $110.59. 4,107,588 shares of the company traded hands. The stock has a 50 day moving average of $106.48 and a 200-day moving average of $109.41. The stock has a market capitalization of $95.97 billion, a price-to-earnings ratio of 28.25 and a beta of 0.89. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44.
United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, April 27th. The transportation company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.03. The company had revenue of $15.32 billion for the quarter, compared to analysts’ expectations of $15.19 billion. United Parcel Service had a net margin of 5.60% and a return on equity of 320.39%. United Parcel Service’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.27 earnings per share. On average, equities analysts anticipate that United Parcel Service, Inc. will post $5.95 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th were paid a dividend of $0.83 per share. The ex-dividend date was Thursday, May 11th. This represents a $3.32 dividend on an annualized basis and a yield of 3.00%. United Parcel Service’s dividend payout ratio (DPR) is presently 84.69%.
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A number of equities analysts recently weighed in on the stock. Seaport Global Securities assumed coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating for the company. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $116.00 target price on shares of United Parcel Service in a research report on Friday, May 19th. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Wells Fargo & Company initiated coverage on shares of United Parcel Service in a research report on Monday, March 13th. They set a “market perform” rating and a $115.00 price objective for the company. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $111.00 price objective (up previously from $109.00) on shares of United Parcel Service in a research report on Monday, March 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $114.00.
In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.59% of the stock is owned by corporate insiders.
About United Parcel Service
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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