United Parcel Service, Inc. (UPS) Shares Sold by Korea Investment CORP

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Korea Investment CORP decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 193,960 shares of the transportation company’s stock after selling 8,200 shares during the period. Korea Investment CORP’s holdings in United Parcel Service were worth $20,604,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Legacy Financial Advisors Inc. bought a new position in United Parcel Service during the second quarter valued at approximately $111,000. First PREMIER Bank bought a new position in United Parcel Service during the second quarter valued at approximately $109,000. Massey Quick Simon & CO. LLC lifted its position in 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 purchasing an additional 1,000 shares during the period. Signature Wealth Management Group bought a new position in United Parcel Service during the second quarter valued at approximately $118,000. Finally, Advisors Preferred LLC lifted its position in 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 purchasing an additional 1,015 shares during the period. Institutional investors own 54.00% of the company’s stock.

In related news, COO James J. Barber sold 2,500 shares of United Parcel Service stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $121.94, for a total transaction of $304,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider George Willis sold 4,312 shares of United Parcel Service stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total transaction of $523,218.08. The disclosure for this sale can be found here. Insiders sold a total of 8,512 shares of company stock valued at $1,031,932 in the last 90 days. Company insiders own 0.56% of the company’s stock.

Several research firms recently weighed in on UPS. Goldman Sachs Group set a $139.00 target price on shares of United Parcel Service and gave the company a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Tuesday, July 24th. Stephens set a $128.00 target price on shares of United Parcel Service and gave the company a “hold” rating in a research note on Wednesday, July 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $125.00 target price on shares of United Parcel Service in a research note on Thursday, July 26th. Finally, ValuEngine cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $124.49.

United Parcel Service stock opened at $123.70 on Friday. The stock has a market capitalization of $107.25 billion, a PE ratio of 20.58, a PEG ratio of 1.86 and a beta of 1.16. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.21 and a quick 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 released its earnings results on Wednesday, July 25th. The transportation company reported $1.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.01. The firm had revenue of $17.46 billion during the quarter, compared to analyst estimates of $17.34 billion. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business earned $1.58 EPS. research analysts forecast that United Parcel Service, Inc. will post 7.25 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Monday, August 20th were issued a $0.91 dividend. The ex-dividend date was Friday, August 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.94%. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.

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

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