Gilbert & Cook Inc. lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 15.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 94,255 shares of the transportation company’s stock after selling 17,008 shares during the quarter. United Parcel Service accounts for 3.2% of Gilbert & Cook Inc.’s holdings, making the stock its 12th biggest holding. Gilbert & Cook Inc.’s holdings in United Parcel Service were worth $11,294,000 as of its most recent filing with the SEC.
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Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. Nuveen Asset Management LLC bought a new position in shares of United Parcel Service during the 2nd quarter valued at approximately $368,346,000. Price T Rowe Associates Inc. MD grew its position in United Parcel Service by 36.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,788,515 shares of the transportation company’s stock valued at $1,217,400,000 after acquiring an additional 3,155,121 shares during the last quarter. Invesco Ltd. grew its position in United Parcel Service by 47.3% in the 2nd quarter. Invesco Ltd. now owns 6,433,175 shares of the transportation company’s stock valued at $664,353,000 after acquiring an additional 2,064,682 shares during the last quarter. Atria Investments LLC grew its position in United Parcel Service by 4,982.4% in the 2nd quarter. Atria Investments LLC now owns 1,097,035 shares of the transportation company’s stock valued at $89,057,000 after acquiring an additional 1,075,450 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in United Parcel Service in the 2nd quarter valued at $97,269,000. 54.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of UPS traded up $0.61 during midday trading on Friday, reaching $123.73. 1,778,602 shares of the stock were exchanged, compared to its average volume of 2,977,551. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 4.27. The company has a market capitalization of $106.44 billion, a P/E ratio of 17.09, a PEG ratio of 1.89 and a beta of 1.22. United Parcel Service, Inc. has a 52 week low of $89.89 and a 52 week high of $125.31. The company’s 50 day moving average is $118.21 and its two-hundred day moving average is $110.63.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.01. The firm had revenue of $18.32 billion during the quarter, compared to analysts’ expectations of $18.35 billion. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 EPS. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Friday, November 15th. United Parcel Service’s dividend payout ratio (DPR) is presently 53.04%.
In other United Parcel Service news, COO James J. Barber sold 1,500 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $116.43, for a total value of $174,645.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.
Several equities analysts have commented on the company. Wells Fargo & Co assumed coverage on United Parcel Service in a research report on Monday, October 28th. They issued an “outperform” rating and a $138.00 price objective on the stock. Stifel Nicolaus downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price objective on the stock. in a research report on Monday, July 29th. Bank of America upped their price objective on United Parcel Service from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Loop Capital set a $140.00 price objective on United Parcel Service and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, Daiwa Capital Markets raised United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. United Parcel Service has a consensus rating of “Hold” and a consensus target price of $121.99.
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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