Renaissance Technologies LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 69.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,200 shares of the transportation company’s stock after selling 582,000 shares during the period. Renaissance Technologies LLC’s holdings in United Parcel Service were worth $28,776,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in United Parcel Service by 0.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after acquiring an additional 5 shares during the period. Founders Capital Management increased its stake in United Parcel Service by 0.3% during the 2nd quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock worth $594,000 after acquiring an additional 15 shares during the period. Bollard Group LLC increased its stake in United Parcel Service by 0.8% during the 2nd quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock worth $248,000 after acquiring an additional 17 shares during the period. Guardian Life Insurance Co. of America increased its stake in shares of United Parcel Service by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock valued at $285,000 after purchasing an additional 18 shares during the last quarter. Finally, Conservest Capital Advisors Inc. increased its stake in shares of United Parcel Service by 0.8% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 53.07% of the company’s stock.
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UPS has been the topic of several recent analyst reports. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Friday, October 6th. BidaskClub lowered United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Robert W. Baird reiterated a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a research note on Friday, August 25th. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Finally, J P Morgan Chase & Co lifted their price target on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $120.74.
United Parcel Service, Inc. (UPS) opened at $112.94 on Friday. The company has a market capitalization of $97,323.79, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. United Parcel Service, Inc. has a twelve month low of $102.12 and a twelve month high of $121.75. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The firm had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. equities analysts anticipate that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Friday, November 10th. United Parcel Service’s payout ratio is presently 81.37%.
In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.59% of the stock is currently owned by insiders.
United Parcel Service 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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