Carroll Financial Associates Inc. Has $1.39 Million Position in United Parcel Service, Inc. (UPS)
Carroll Financial Associates Inc. decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,534 shares of the transportation company’s stock after selling 283 shares during the period. Carroll Financial Associates Inc.’s holdings in United Parcel Service were worth $1,386,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. V Wealth Management LLC acquired a new stake in United Parcel Service during the second quarter worth approximately $102,000. First PREMIER Bank boosted its stake in 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. Parkside Financial Bank & Trust boosted its stake in 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. Ullmann Financial Group Inc. acquired a new stake in United Parcel Service during the first quarter worth approximately $126,000. Finally, Winslow Evans & Crocker Inc. boosted its stake in United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after buying an additional 899 shares during the period. Hedge funds and other institutional investors own 52.93% of the company’s stock.
United Parcel Service, Inc. (NYSE UPS) traded up 0.32% on Monday, reaching $113.76. 518,976 shares of the company’s stock were exchanged. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44. The company has a market cap of $98.51 billion, a P/E ratio of 27.97 and a beta of 0.88. The firm has a 50 day moving average of $112.04 and a 200-day moving average of $108.21.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The firm had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Equities analysts expect that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s payout ratio is presently 81.57%.
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A number of research firms have recently commented on UPS. Robert W. Baird restated a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a research report on Friday. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and raised their target price for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Finally, Credit Suisse Group restated a “neutral” rating and set a $108.00 target price on shares of United Parcel Service in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $114.80.
In related news, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The disclosure for this sale can be found here. Insiders have sold 23,255 shares of company stock worth $2,628,619 over the last ninety days. 0.59% of the stock is currently owned by 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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