Point72 Asia Hong Kong Ltd decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 65.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,048 shares of the transportation company’s stock after selling 1,963 shares during the quarter. Point72 Asia Hong Kong Ltd’s holdings in United Parcel Service were worth $110,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in UPS. Bedel Financial Consulting Inc. bought a new position in shares of United Parcel Service during the fourth quarter valued at approximately $213,000. Glenview Trust Co grew its stake in shares of United Parcel Service by 80.5% during the fourth quarter. Glenview Trust Co now owns 79,161 shares of the transportation company’s stock valued at $9,432,000 after buying an additional 35,300 shares during the last quarter. Carmichael Hill & Associates Inc. bought a new position in United Parcel Service in the fourth quarter worth approximately $214,000. Chilton Investment Co. LLC grew its stake in United Parcel Service by 56.3% in the fourth quarter. Chilton Investment Co. LLC now owns 38,645 shares of the transportation company’s stock worth $4,605,000 after purchasing an additional 13,926 shares in the last quarter. Finally, Swiss National Bank grew its stake in United Parcel Service by 11.3% in the fourth quarter. Swiss National Bank now owns 2,921,677 shares of the transportation company’s stock worth $348,118,000 after purchasing an additional 295,600 shares in the last quarter. 53.43% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total transaction of $170,130.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.56% of the company’s stock.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. The business had revenue of $17.11 billion for the quarter, compared to analysts’ expectations of $16.49 billion. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.32 EPS. equities research analysts expect that United Parcel Service, Inc. will post 7.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Stockholders of record on Monday, May 21st were issued a dividend of $0.91 per share. The ex-dividend date was Friday, May 18th. This represents a $3.64 annualized dividend and a dividend yield of 3.12%. United Parcel Service’s dividend payout ratio is presently 60.57%.
Several research analysts recently issued reports on UPS shares. Loop Capital raised United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the stock from $105.61 to $128.00 in a research note on Monday, February 26th. BMO Capital Markets dropped their price objective on United Parcel Service to $121.00 and set a “market perform” rating on the stock in a research note on Friday, April 27th. Robert W. Baird reissued a “hold” rating and issued a $120.00 price objective on shares of United Parcel Service in a research note on Tuesday, April 10th. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating in a research note on Monday, May 14th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $124.47.
About United Parcel Service
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.
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.