Beacon Financial Group trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.6% in the 2nd quarter, Holdings Channel reports. The firm owned 74,042 shares of the transportation company’s stock after selling 468 shares during the period. United Parcel Service comprises approximately 1.3% of Beacon Financial Group’s holdings, making the stock its 23rd largest position. Beacon Financial Group’s holdings in United Parcel Service were worth $7,865,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Massey Quick Simon & CO. LLC lifted its stake in shares of United Parcel Service by 2,857.1% during the 1st 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 last quarter. First PREMIER Bank bought a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $109,000. Wagner Wealth Management LLC bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $115,000. Gables Capital Management Inc. bought a new stake in shares of United Parcel Service during the 1st quarter worth approximately $119,000. Finally, Silvant Capital Management LLC bought a new stake in shares of United Parcel Service during the 1st quarter worth approximately $122,000. 53.45% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total transaction of $170,130.00. 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.
Shares of United Parcel Service traded down $1.18, reaching $107.33, on Wednesday, Marketbeat reports. The company had a trading volume of 1,763,381 shares, compared to its average volume of 3,987,223. United Parcel Service, Inc. has a 52-week low of $101.45 and a 52-week high of $135.53. The company has a market capitalization of $93.57 billion, a PE ratio of 17.87, a P/E/G ratio of 1.62 and a beta of 1.05. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 14.84.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.01. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. The business had revenue of $17.11 billion for the quarter, compared to the consensus estimate of $16.49 billion. During the same period last year, the business posted $1.32 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. research analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current year.
UPS has been the subject of a number of research analyst reports. Loop Capital raised their price target on United Parcel Service to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating in a report on Monday, May 14th. Robert W. Baird restated a “hold” rating and set a $120.00 price objective on shares of United Parcel Service in a report on Tuesday, April 10th. Stephens restated a “hold” rating and set a $126.00 price objective on shares of United Parcel Service in a report on Monday, April 9th. Finally, BMO Capital Markets reduced their price objective on United Parcel Service to $121.00 and set a “market perform” rating on the stock in a report on Friday, April 27th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $124.33.
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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