Schnieders Capital Management LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,440 shares of the transportation company’s stock after selling 575 shares during the period. Schnieders Capital Management LLC’s holdings in United Parcel Service were worth $607,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of UPS. Orrstown Financial Services Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter worth $29,000. Reilly Financial Advisors LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $29,000. Larson Financial Group LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $29,000. CX Institutional purchased a new stake in shares of United Parcel Service in the first quarter valued at about $29,000. Finally, RPG Investment Advisory LLC grew its holdings in shares of United Parcel Service by 277.1% in the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 194 shares during the period. Institutional investors own 55.77% of the company’s stock.
In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total value of $159,045.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Teri P. Mcclure sold 5,000 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $109.72, for a total transaction of $548,600.00. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.03). United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. The company had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.79 billion. During the same period in the previous year, the company earned $1.55 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. As a group, analysts predict that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Monday, May 20th will be given a $0.96 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.84 dividend on an annualized basis and a yield of 3.86%. United Parcel Service’s payout ratio is currently 53.04%.
A number of equities research analysts recently issued reports on UPS shares. Credit Suisse Group upped their price objective on shares of United Parcel Service from $104.00 to $111.00 and gave the company a “neutral” rating in a report on Monday, February 4th. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. Barclays reissued a “hold” rating and issued a $112.00 price objective on shares of United Parcel Service in a report on Tuesday, January 29th. Berenberg Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price objective for the company from $125.00 to $130.00 in a report on Monday, April 1st. Finally, Bank of America reissued a “neutral” rating and issued a $112.00 price objective (down previously from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $122.41.
About United Parcel Service
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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