Metis Global Partners LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 16.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,311 shares of the transportation company’s stock after selling 5,076 shares during the quarter. Metis Global Partners LLC’s holdings in United Parcel Service were worth $2,656,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service during 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 worth approximately $26,000. Hemington Wealth Management raised its holdings in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after buying an additional 115 shares during the period. Saudi Central Bank acquired a new stake in United Parcel Service during the 1st quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC bought a new position in United Parcel Service in the first quarter valued at approximately $33,000. 60.26% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Stock Performance
Shares of NYSE UPS opened at $95.98 on Monday. The stock has a 50 day moving average price of $86.94 and a 200 day moving average price of $92.93. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $138.67. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.30. The stock 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.
United Parcel Service Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Monday, November 17th. United Parcel Service’s dividend payout ratio is 101.39%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on UPS. Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $120.00 to $109.00 and set a “buy” rating for the company in a research report on Tuesday, October 28th. Citigroup upped their target price on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Bank of America dropped their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $110.00.
Get Our Latest Analysis on United Parcel Service
Insider Buying and Selling
In other news, Director Christiana Smith Shi purchased 500 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was purchased at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares in the company, valued at $44,085. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by corporate insiders.
United Parcel Service Company 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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