American National Bank lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 20.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,670 shares of the transportation company’s stock after selling 1,235 shares during the quarter. American National Bank’s holdings in United Parcel Service were worth $482,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of UPS. Norges Bank purchased a new stake in United Parcel Service in the 4th quarter valued at approximately $491,939,000. Ronna Sue Cohen lifted its stake in shares of United Parcel Service by 10,745.2% during the 1st quarter. Ronna Sue Cohen now owns 2,945,780 shares of the transportation company’s stock worth $2,946,000 after purchasing an additional 2,918,618 shares during the period. FMR LLC lifted its stake in shares of United Parcel Service by 19.5% during the 1st quarter. FMR LLC now owns 14,645,570 shares of the transportation company’s stock worth $1,636,496,000 after purchasing an additional 2,391,075 shares during the period. Boston Partners lifted its stake in shares of United Parcel Service by 83.7% during the 1st quarter. Boston Partners now owns 3,475,242 shares of the transportation company’s stock worth $388,323,000 after purchasing an additional 1,583,923 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in shares of United Parcel Service by 41.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,118,942 shares of the transportation company’s stock worth $304,189,000 after purchasing an additional 921,153 shares during the period. 55.49% of the stock is currently owned by hedge funds and other institutional investors.
NYSE UPS traded up $2.11 during trading hours on Friday, hitting $120.36. The company had a trading volume of 438,511 shares, compared to its average volume of 2,818,747. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $125.09. The stock has a market cap of $103.18 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.13. The business’s 50 day moving average is $102.71.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.03. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The firm had revenue of $18.05 billion during the quarter, compared to the consensus estimate of $17.98 billion. During the same period in the prior year, the firm earned $1.94 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.
UPS has been the topic of a number of recent analyst reports. Berenberg Bank raised easyJet to a “hold” rating in a research note on Monday, April 1st. Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. UBS Group reissued a “hold” rating and set a $20.50 price target on shares of ABB in a research note on Thursday. Cowen increased their price target on Werner Enterprises from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Finally, Loop Capital increased their target price on United Parcel Service to $140.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. United Parcel Service has an average rating of “Hold” and a consensus target price of $118.87.
In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total transaction of $159,045.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by corporate insiders.
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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