United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Levin Capital Strategies L.P.
Levin Capital Strategies L.P. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 79.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,150 shares of the transportation company’s stock after selling 16,083 shares during the period. Levin Capital Strategies L.P.’s holdings in United Parcel Service were worth $445,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in UPS. Conservest Capital Advisors Inc. acquired a new stake in shares of United Parcel Service during the first quarter worth $310,000. Thornburg Investment Management Inc. raised its stake in shares of United Parcel Service by 0.4% in the first quarter. Thornburg Investment Management Inc. now owns 217,755 shares of the transportation company’s stock worth $23,365,000 after buying an additional 834 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its stake in shares of United Parcel Service by 246.4% in the first quarter. Nicholas Hoffman & Company LLC. now owns 12,077 shares of the transportation company’s stock worth $1,296,000 after buying an additional 8,591 shares in the last quarter. Davidson & Garrard Inc. purchased a new stake in shares of United Parcel Service during the first quarter worth approximately $201,000. Finally, Rational Advisors LLC raised its stake in shares of United Parcel Service by 58.6% in the first quarter. Rational Advisors LLC now owns 20,004 shares of the transportation company’s stock worth $2,147,000 after buying an additional 7,394 shares in the last quarter. Hedge funds and other institutional investors own 53.10% of the company’s stock.
Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.03% during midday trading on Tuesday, hitting $111.89. The stock had a trading volume of 2,808,987 shares. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The company has a market cap of $96.78 billion, a P/E ratio of 27.51 and a beta of 0.88. The stock has a 50 day moving average of $110.81 and a 200-day moving average of $108.17.
United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. United Parcel Service’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is currently 81.57%.
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UPS has been the subject of a number of analyst reports. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Sanford C. Bernstein reissued an “outperform” rating and issued a $127.00 price target on shares of United Parcel Service in a report on Monday, July 3rd. BidaskClub downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $116.00 target price on shares of United Parcel Service in a research note on Friday, May 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $114.79.
In other news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.
United Parcel Service Company Profile
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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