Captrust Financial Advisors grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 114.5% during the second quarter, HoldingsChannel reports. The firm owned 8,289 shares of the transportation company’s stock after acquiring an additional 4,424 shares during the quarter. Captrust Financial Advisors’ holdings in United Parcel Service were worth $881,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Legacy Financial Advisors Inc. purchased a new stake in shares of United Parcel Service during the second quarter worth $111,000. First PREMIER Bank purchased a new stake in shares of United Parcel Service during the second quarter worth $109,000. Massey Quick Simon & CO. LLC increased its position 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 worth $108,000 after acquiring an additional 1,000 shares during the period. Signature Wealth Management Group purchased a new stake in shares of United Parcel Service during the second quarter worth $118,000. Finally, Advisors Preferred LLC increased its position 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 worth $121,000 after acquiring an additional 1,015 shares during the period. Institutional investors own 54.01% of the company’s stock.
NYSE:UPS opened at $124.66 on Thursday. The firm has a market capitalization of $105.72 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. 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, Inc. has a 12 month low of $101.45 and a 12 month high of $135.53.
United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, July 25th. The transportation company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.93 by $0.01. The firm had revenue of $17.46 billion for the quarter, compared to analyst estimates of $17.34 billion. United Parcel Service had a return on equity of 364.89% and a net margin of 7.49%. United Parcel Service’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 company posted $1.58 earnings per share. analysts predict that United Parcel Service, Inc. will post 7.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Monday, August 20th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Friday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
In related news, COO James J. Barber sold 2,500 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $121.94, for a total value of $304,850.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kathleen M. Gutmann sold 1,700 shares of the company’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total transaction of $203,864.00. The disclosure for this sale can be found here. Insiders sold 8,512 shares of company stock worth $1,031,932 in the last three months. 0.56% of the stock is currently owned by corporate insiders.
A number of analysts have recently weighed in on UPS shares. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research report on Friday, August 3rd. UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Monday, July 16th. Cowen reaffirmed a “hold” rating and set a $128.00 price objective on shares of United Parcel Service in a research report on Thursday, July 26th. Loop Capital upped their price objective on United Parcel Service to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, May 30th. Finally, Raymond James raised United Parcel Service from a “market perform” rating to a “strong-buy” rating and set a $150.00 price objective on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $124.49.
About United Parcel Service
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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