Cypress Capital Group Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)
Cypress Capital Group decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 9.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,443 shares of the transportation company’s stock after selling 672 shares during the period. Cypress Capital Group’s holdings in United Parcel Service were worth $691,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the company. Level Four Advisory Services LLC bought a new stake in United Parcel Service during the first quarter valued at $298,000. Two Sigma Securities LLC bought a new stake in United Parcel Service during the first quarter valued at $1,350,000. Weiss Multi Strategy Advisers LLC raised its stake in United Parcel Service by 875.0% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 173,099 shares of the transportation company’s stock valued at $18,574,000 after buying an additional 155,346 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in United Parcel Service during the first quarter valued at $9,619,000. Finally, Oppenheimer & Co. Inc. raised its stake in United Parcel Service by 108.8% in the first quarter. Oppenheimer & Co. Inc. now owns 76,106 shares of the transportation company’s stock valued at $8,166,000 after buying an additional 39,655 shares in the last quarter. 53.10% of the stock is owned by institutional investors and hedge funds.
United Parcel Service, Inc. (NYSE:UPS) traded up 0.47% during mid-day trading on Friday, reaching $111.44. The company had a trading volume of 2,077,867 shares. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.44. The firm’s 50-day moving average price is $111.07 and its 200-day moving average price is $108.07. The stock has a market cap of $96.50 billion, a PE ratio of 27.40 and a beta of 0.88.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.12. The firm had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s payout ratio is presently 81.57%.
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Several research firms have recently weighed in on UPS. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $115.00 to $128.00 in a research note on Tuesday. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Finally, Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $114.79.
In related news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is currently 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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