Thrivent Financial for Lutherans cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 9.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 662,275 shares of the transportation company’s stock after selling 68,808 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of United Parcel Service worth $118,692,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Abbrea Capital LLC grew its position in United Parcel Service by 0.8% during the second quarter. Abbrea Capital LLC now owns 7,123 shares of the transportation company’s stock valued at $1,277,000 after purchasing an additional 55 shares in the last quarter. Beaumont Financial Advisors LLC grew its position in United Parcel Service by 3.4% during the second quarter. Beaumont Financial Advisors LLC now owns 1,678 shares of the transportation company’s stock valued at $301,000 after purchasing an additional 55 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in United Parcel Service by 4.5% in the second quarter. Pinnacle Bancorp Inc. now owns 1,300 shares of the transportation company’s stock valued at $233,000 after acquiring an additional 56 shares during the last quarter. Bristlecone Advisors LLC lifted its stake in United Parcel Service by 0.4% in the second quarter. Bristlecone Advisors LLC now owns 13,511 shares of the transportation company’s stock valued at $2,422,000 after acquiring an additional 56 shares during the last quarter. Finally, Detalus Advisors LLC lifted its stake in United Parcel Service by 2.7% in the second quarter. Detalus Advisors LLC now owns 2,168 shares of the transportation company’s stock valued at $389,000 after acquiring an additional 57 shares during the last quarter. 58.45% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service Stock Performance
United Parcel Service stock traded up $3.30 on Friday, hitting $154.91. The company’s stock had a trading volume of 3,945,323 shares, compared to its average volume of 3,328,734. The firm has a market cap of $131.97 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average price of $148.98 and a 200-day moving average price of $164.97. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $197.80.
United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.04. United Parcel Service had a net margin of 9.19% and a return on equity of 43.46%. The firm had revenue of $21.06 billion for the quarter, compared to analyst estimates of $21.40 billion. During the same quarter in the previous year, the firm posted $2.99 EPS. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post 8.81 earnings per share for the current year.
United Parcel Service Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 13th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Friday, November 10th. United Parcel Service’s payout ratio is 65.59%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on UPS shares. HSBC started coverage on shares of United Parcel Service in a research note on Friday, September 29th. They issued a “hold” rating and a $170.00 price objective for the company. Raymond James reduced their price objective on shares of United Parcel Service from $205.00 to $200.00 and set a “strong-buy” rating for the company in a research note on Friday, September 29th. Susquehanna reduced their price objective on shares of United Parcel Service from $173.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Barclays reduced their price objective on shares of United Parcel Service from $180.00 to $175.00 and set an “equal weight” rating for the company in a research note on Thursday, September 28th. Finally, BMO Capital Markets boosted their price objective on shares of United Parcel Service from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 9th. Sixteen analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average price target of $188.91.
About United Parcel Service
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 letters, documents, small packages, and palletized freight through air and ground services in the United States.