Ingalls & Snyder LLC lessened its position in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,945 shares of the transportation company’s stock after selling 206 shares during the quarter. Ingalls & Snyder LLC’s holdings in United Parcel Service were worth $811,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in UPS. Van ECK Associates Corp increased its stake in United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after buying an additional 1,620,091 shares during the last quarter. Cohen Investment Advisors LLC increased its holdings in United Parcel Service by 26.4% during the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after buying an additional 3,835 shares during the last quarter. Financial Partners Group LLC raised its position in United Parcel Service by 23.9% during the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock worth $3,602,000 after acquiring an additional 5,069 shares in the last quarter. Weaver C. Barksdale & Associates Inc. lifted its stake in United Parcel Service by 71.8% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock valued at $1,988,000 after acquiring an additional 6,073 shares during the last quarter. Finally, Investors Research Corp grew its position in shares of United Parcel Service by 89.0% in the 3rd quarter. Investors Research Corp now owns 10,939 shares of the transportation company’s stock valued at $1,491,000 after acquiring an additional 5,150 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on United Parcel Service
United Parcel Service Trading Down 3.2 %
UPS opened at $129.71 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company’s 50 day moving average price is $133.66 and its two-hundred day moving average price is $133.42. The firm has a market capitalization of $110.69 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.20 and a beta of 0.98.
United Parcel Service (NYSE:UPS – Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.
United Parcel Service Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 5.03%. United Parcel Service’s payout ratio is 98.49%.
United Parcel Service 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.
Recommended Stories
- Five stocks we like better than United Parcel Service
- Using the MarketBeat Dividend Tax Calculator
- Beyond NVIDIA: Top 5 Semiconductor Stocks to Watch for 2025
- The Basics of Support and Resistance
- Netflix Is On Track To Hit $1,000 By Christmas
- How Investors Can Find the Best Cheap Dividend Stocks
- UMAC Stock Climbs Amid Trump Jr. Appointment and Meme Stock Hype
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.