Savant Capital LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 4.5% in the second quarter, Holdings Channel.com reports. The fund owned 69,242 shares of the transportation company’s stock after selling 3,249 shares during the quarter. Savant Capital LLC’s holdings in United Parcel Service were worth $6,989,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Graybill Wealth Management LTD. bought a new position in shares of United Parcel Service in the first quarter worth about $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in United Parcel Service during the 2nd quarter valued at about $26,000. Hemington Wealth Management boosted its position in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after buying an additional 115 shares during the period. Saudi Central Bank bought a new position in United Parcel Service in the 1st quarter worth about $32,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of United Parcel Service during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.
United Parcel Service Price Performance
UPS opened at $95.98 on Friday. The firm has a market capitalization of $81.35 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.32. The business’s 50-day moving average is $86.94 and its two-hundred day moving average is $92.97. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $138.67.
United Parcel Service Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.8%. The ex-dividend date is Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.
Analyst Upgrades and Downgrades
UPS has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Vertical Research reaffirmed a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a research report on Wednesday, July 30th. Stephens raised United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. UBS Group raised their price target on United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price objective on United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $110.00.
Check Out Our Latest Report on United Parcel Service
Insider Transactions at United Parcel Service
In other United Parcel Service news, Director Christiana Smith Shi purchased 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director owned 500 shares in the company, valued at approximately $44,085. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.
United Parcel Service Profile
United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
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