United Parcel Service, Inc. (UPS) Stake Lowered by Associated Banc Corp
Associated Banc Corp decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,847 shares of the transportation company’s stock after selling 844 shares during the quarter. Associated Banc Corp’s holdings in United Parcel Service were worth $5,933,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Legacy Financial Advisors Inc. purchased a new stake in shares of United Parcel Service during the second quarter valued at approximately $111,000. First PREMIER Bank purchased a new stake in shares of United Parcel Service during the second quarter valued at approximately $109,000. Massey Quick Simon & CO. LLC grew its holdings in shares of United Parcel Service by 2,857.1% during the first quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock valued at $108,000 after buying an additional 1,000 shares during the last quarter. Signature Wealth Management Group purchased a new stake in shares of United Parcel Service during the second quarter valued at approximately $118,000. Finally, Advisors Preferred LLC grew its holdings in shares of United Parcel Service by 845.8% during the second quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock valued at $121,000 after buying an additional 1,015 shares during the last quarter. Hedge funds and other institutional investors own 53.51% of the company’s stock.
A number of equities research analysts have recently commented on UPS shares. BMO Capital Markets cut their price target on shares of United Parcel Service to $121.00 and set a “market perform” rating on the stock in a report on Friday, April 27th. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Monday, July 16th. ValuEngine upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Loop Capital increased their price target on shares of United Parcel Service to $139.00 and gave the company a “buy” rating in a report on Wednesday, May 30th. Finally, Cowen reiterated a “hold” rating and set a $128.00 price target on shares of United Parcel Service in a report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $122.99.
Shares of United Parcel Service stock opened at $121.80 on Friday. The company has a market cap of $102.61 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.78 and a beta of 1.14. United Parcel Service, Inc. has a twelve month low of $101.45 and a twelve month high of $135.53. The company has a debt-to-equity ratio of 8.54, a quick ratio of 1.21 and a current ratio of 1.21.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.01. The company had revenue of $17.46 billion for the quarter, compared to the consensus estimate of $17.34 billion. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 earnings per share. research analysts anticipate that United Parcel Service, Inc. will post 7.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Investors of record on Monday, August 20th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, August 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.99%. United Parcel Service’s dividend payout ratio (DPR) is 60.57%.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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