GHP Investment Advisors Inc. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 6.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 17,751 shares of the transportation company’s stock after selling 1,273 shares during the quarter. GHP Investment Advisors Inc.’s holdings in United Parcel Service were worth $1,792,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Founders Capital Management LLC lifted its holdings in United Parcel Service by 8.3% in the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock valued at $11,245,000 after purchasing an additional 8,579 shares in the last quarter. Gallacher Capital Management LLC purchased a new position in United Parcel Service in the 1st quarter valued at about $620,000. Capital CS Group LLC lifted its holdings in United Parcel Service by 3.6% in the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock valued at $23,730,000 after purchasing an additional 8,070 shares in the last quarter. Stephens Inc. AR lifted its holdings in United Parcel Service by 20.1% in the 2nd quarter. Stephens Inc. AR now owns 90,368 shares of the transportation company’s stock valued at $9,122,000 after purchasing an additional 15,135 shares in the last quarter. Finally, CX Institutional boosted its position in United Parcel Service by 39.9% during the second quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock worth $6,073,000 after acquiring an additional 17,152 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service Stock Down 2.4%
Shares of UPS opened at $94.10 on Tuesday. The firm has a market cap of $79.76 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The company’s fifty day moving average is $86.42 and its two-hundred day moving average is $93.01. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $138.67. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 1.50.
United Parcel Service Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.0%. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. BMO Capital Markets restated a “market perform” rating and set a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Oppenheimer decreased their target price on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. JPMorgan Chase & Co. raised their target price on shares of United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Citigroup raised their target price on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, UBS Group raised their target price on shares of United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $110.00.
Check Out Our Latest Stock Analysis on UPS
Insider Buying and Selling at United Parcel Service
In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director owned 500 shares of the company’s stock, valued at $44,085. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.
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.
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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).
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