United Parcel Service, Inc. (UPS) Shares Sold by People s United Financial Inc.

Share on StockTwits

People s United Financial Inc. decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 14.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,402 shares of the transportation company’s stock after selling 4,638 shares during the quarter. People s United Financial Inc.’s holdings in United Parcel Service were worth $2,804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Godsey & Gibb Associates boosted its position in United Parcel Service by 2.9% during the first quarter. Godsey & Gibb Associates now owns 120,648 shares of the transportation company’s stock worth $12,627,000 after acquiring an additional 3,410 shares during the last quarter. Tompkins Financial Corp boosted its position in United Parcel Service by 2.3% during the second quarter. Tompkins Financial Corp now owns 24,493 shares of the transportation company’s stock worth $2,601,000 after acquiring an additional 542 shares during the last quarter. Landmark Bank acquired a new position in United Parcel Service during the second quarter worth about $379,000. Willis Investment Counsel boosted its position in United Parcel Service by 3.2% during the first quarter. Willis Investment Counsel now owns 182,800 shares of the transportation company’s stock worth $19,132,000 after acquiring an additional 5,600 shares during the last quarter. Finally, RNC Capital Management LLC acquired a new position in United Parcel Service during the second quarter worth about $29,200,000. Institutional investors and hedge funds own 53.51% of the company’s stock.

Shares of UPS stock opened at $121.80 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 8.54. United Parcel Service, Inc. has a 12 month low of $101.45 and a 12 month high of $135.53. The stock has a market cap of $102.61 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.78 and a beta of 1.14.

United Parcel Service (NYSE:UPS) last issued its earnings results on Wednesday, July 25th. The transportation company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.01. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. The company had revenue of $17.46 billion for the quarter, compared to the consensus estimate of $17.34 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. United Parcel Service’s quarterly revenue was up 9.6% compared to the same quarter last year. research analysts anticipate that United Parcel Service, Inc. will post 7.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 5th. Shareholders of record on Monday, August 20th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.

In other United Parcel Service news, SVP Kathleen M. Gutmann sold 1,700 shares of United Parcel Service stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total transaction of $203,864.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is owned by insiders.

A number of research firms recently weighed in on UPS. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research report on Friday, August 3rd. Cowen restated a “hold” rating and set a $128.00 price target on shares of United Parcel Service in a research report on Thursday, July 26th. Credit Suisse Group boosted their price target on shares of United Parcel Service from $114.00 to $119.00 and gave the stock a “neutral” rating in a research report on Thursday, July 26th. Morgan Stanley boosted their price target on shares of United Parcel Service from $90.00 to $92.00 and gave the stock an “underweight” rating in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $125.00 price target on shares of United Parcel Service in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $122.99.

United Parcel Service 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.

See Also: Using the New Google Finance Tool

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).

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply