Silvant Capital Management LLC decreased its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 86.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 958 shares of the transportation company’s stock after selling 6,171 shares during the quarter. Silvant Capital Management LLC’s holdings in United Parcel Service were worth $97,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evelyn Partners Investment Management Europe Ltd grew its position in United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after acquiring an additional 131 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in United Parcel Service in the second quarter worth $26,000. Hemington Wealth Management boosted its stake in United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank bought a new stake in shares of United Parcel Service during the first quarter worth $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of United Parcel Service in the first quarter valued at $33,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service Price Performance
Shares of NYSE UPS opened at $95.61 on Friday. The firm has a market capitalization of $81.11 billion, a P/E ratio of 14.78, a P/E/G ratio of 2.29 and a beta of 1.11. The firm’s 50-day moving average price is $89.60 and its 200-day moving average price is $92.81. The company has a current ratio of 1.30, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $137.10.
United Parcel Service Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Monday, November 17th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, November 17th. United Parcel Service’s dividend payout ratio is presently 101.39%.
Analysts Set New Price Targets
UPS has been the topic of several research analyst reports. Susquehanna increased their price target on shares of United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Stifel Nicolaus dropped their price target on United Parcel Service from $120.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, October 28th. Finally, Barclays dropped their price objective on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $110.00.
Check Out Our Latest Stock Report on UPS
United Parcel Service Company Profile
United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
Recommended Stories
- Five stocks we like better than United Parcel Service
- What Are Dividend Champions? How to Invest in the Champions
- 3 Stocks to Buy for the Evolution of AI Infrastructure
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- How Semtech’s Data Center Chips Are Powering the AI Boom
- Why is the Ex-Dividend Date Significant to Investors?
- Keysight Technologies’ Surge: The Market Wakes Up to This AI Play
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS – Free Report).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.
