BLB&B Advisors LLC Holds Position in United Parcel Service, Inc. (NYSE:UPS)
BLB&B Advisors LLC continued to hold its stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the second quarter, Holdings Channel reports. The firm owned 13,408 shares of the transportation company’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in United Parcel Service were worth $1,439,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. V Wealth Management LLC bought a new stake in shares of United Parcel Service during the second quarter worth about $102,000. Tompkins Financial Corp raised its stake in shares of United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock worth $106,000 after buying an additional 75 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after buying an additional 160 shares during the period. First PREMIER Bank raised its stake in shares of United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after buying an additional 50 shares during the period. Finally, Ullmann Financial Group Inc. bought a new stake in shares of United Parcel Service during the first quarter worth about $126,000. 52.90% of the stock is owned by institutional investors and hedge funds.
United Parcel Service, Inc. (NYSE:UPS) traded up 1.67% on Monday, reaching $113.30. 871,608 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $111.07 and a 200-day moving average price of $108.07. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44. The stock has a market capitalization of $98.11 billion, a price-to-earnings ratio of 27.86 and a beta of 0.88.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The firm had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same period in the prior year, the company earned $1.43 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s payout ratio is currently 81.57%.
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A number of brokerages have issued reports on UPS. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their price objective for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $116.00 price objective on shares of United Parcel Service in a report on Friday, May 19th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. United Parcel Service currently has an average rating of “Hold” and a consensus target price of $114.79.
In other United Parcel Service news, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The disclosure for this sale can be found here. 0.59% of the stock is owned by corporate insiders.
United Parcel Service Company Profile
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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