Argyle Capital Management Inc. decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,018 shares of the transportation company’s stock after selling 5,377 shares during the period. United Parcel Service comprises 2.3% of Argyle Capital Management Inc.’s investment portfolio, making the stock its 6th biggest position. Argyle Capital Management Inc.’s holdings in United Parcel Service were worth $5,502,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of UPS. BlackRock Inc. lifted its stake in United Parcel Service by 3.9% during the 2nd quarter. BlackRock Inc. now owns 46,671,683 shares of the transportation company’s stock worth $5,188,958,000 after acquiring an additional 1,765,237 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in United Parcel Service by 27.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,544,888 shares of the transportation company’s stock valued at $838,841,000 after purchasing an additional 1,617,837 shares in the last quarter. Bank of New York Mellon Corp raised its position in United Parcel Service by 14.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,394,897 shares of the transportation company’s stock valued at $933,345,000 after purchasing an additional 1,058,362 shares in the last quarter. FMR LLC raised its position in United Parcel Service by 6.7% in the 2nd quarter. FMR LLC now owns 11,887,191 shares of the transportation company’s stock valued at $1,321,617,000 after purchasing an additional 749,993 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in United Parcel Service by 17.1% in the 2nd quarter. Federated Hermes Inc. now owns 4,467,073 shares of the transportation company’s stock valued at $496,649,000 after purchasing an additional 651,350 shares in the last quarter. 55.67% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Kathleen M. Gutmann sold 7,766 shares of United Parcel Service stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $156.77, for a total value of $1,217,475.82. Also, Director David P. Abney sold 62,700 shares of United Parcel Service stock in a transaction on Friday, August 28th. The shares were sold at an average price of $160.56, for a total value of $10,067,112.00. In the last ninety days, insiders sold 80,291 shares of company stock valued at $12,848,237. Company insiders own 0.57% of the company’s stock.
United Parcel Service stock opened at $155.78 on Thursday. The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a fifty day moving average of $167.39 and a two-hundred day moving average of $130.76. The company has a market capitalization of $134.50 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 3.12 and a beta of 0.98. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $178.01.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Wednesday, October 28th. The transportation company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.38. United Parcel Service had a return on equity of 156.85% and a net margin of 5.66%. During the same quarter in the prior year, the business earned $2.07 earnings per share. On average, analysts forecast that United Parcel Service, Inc. will post 6.98 EPS for the current fiscal year.
A number of research analysts recently issued reports on UPS shares. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $177.00 price target on the stock. in a research note on Tuesday, September 29th. Oppenheimer reissued a “buy” rating and issued a $186.00 price target (up from $153.00) on shares of United Parcel Service in a report on Wednesday, October 21st. Citigroup raised their price target on United Parcel Service from $150.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, October 14th. ValuEngine raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group lifted their price objective on United Parcel Service from $159.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, August 21st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $148.19.
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.
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