Gallagher Fiduciary Advisors LLC Reduces Stake in United Parcel Service, Inc. (NYSE:UPS)

by · The Cerbat Gem

Gallagher Fiduciary Advisors LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 3.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,062 shares of the transportation company’s stock after selling 157 shares during the quarter. Gallagher Fiduciary Advisors LLC’s holdings in United Parcel Service were worth $729,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in United Parcel Service by 210.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,943,616 shares of the transportation company’s stock worth $2,878,723,000 after purchasing an additional 10,134,386 shares during the period. Norges Bank purchased a new stake in shares of United Parcel Service in the fourth quarter worth about $1,255,623,000. Moneta Group Investment Advisors LLC grew its holdings in United Parcel Service by 105,818.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,215,560 shares of the transportation company’s stock worth $732,833,000 after acquiring an additional 4,211,580 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in United Parcel Service by 83,903.7% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,134,664 shares of the transportation company’s stock valued at $741,139,000 after acquiring an additional 4,129,742 shares during the period. Finally, Capital Research Global Investors boosted its position in United Parcel Service by 90.8% in the 2nd quarter. Capital Research Global Investors now owns 4,825,039 shares of the transportation company’s stock worth $864,888,000 after purchasing an additional 2,295,588 shares in the last quarter. 58.45% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.1 %

Shares of UPS opened at $156.30 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.98. The firm has a market cap of $133.16 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.09. The company’s 50-day moving average price is $149.14 and its 200 day moving average price is $164.47. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.80.

United Parcel Service (NYSE:UPS – Get Free Report) last issued its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.53 by $0.04. The firm had revenue of $21.06 billion for the quarter, compared to analyst estimates of $21.40 billion. United Parcel Service had a net margin of 9.19% and a return on equity of 43.46%. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.99 EPS. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 8.81 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 13th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.15%. The ex-dividend date was Friday, November 10th. United Parcel Service’s payout ratio is 65.59%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UPS. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $186.00 to $178.00 and set a “neutral” rating for the company in a report on Wednesday, October 11th. Stephens reiterated an “equal weight” rating and issued a $195.00 price objective on shares of United Parcel Service in a research report on Tuesday, September 12th. Raymond James dropped their target price on United Parcel Service from $205.00 to $200.00 and set a “strong-buy” rating on the stock in a research report on Friday, September 29th. StockNews.com started coverage on United Parcel Service in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Bank of America cut their price objective on United Parcel Service from $177.00 to $167.00 in a research report on Friday, September 29th. Sixteen equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $188.91.

Read Our Latest Report on United Parcel Service

United Parcel Service Company Profile

(Free Report)

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.

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