United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Fernwood Investment Management LLC

Fernwood Investment Management LLC decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 7,563 shares of the transportation company’s stock after selling 475 shares during the quarter. Fernwood Investment Management LLC’s holdings in United Parcel Service were worth $781,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. lifted its stake in shares of United Parcel Service by 37.1% in the second quarter. Cullen Frost Bankers Inc. now owns 13,120 shares of the transportation company’s stock worth $1,355,000 after acquiring an additional 3,551 shares in the last quarter. FinTrust Capital Advisors LLC lifted its stake in shares of United Parcel Service by 7.1% in the second quarter. FinTrust Capital Advisors LLC now owns 1,599 shares of the transportation company’s stock worth $165,000 after acquiring an additional 106 shares in the last quarter. Sigma Planning Corp lifted its stake in shares of United Parcel Service by 1.3% in the second quarter. Sigma Planning Corp now owns 25,227 shares of the transportation company’s stock worth $2,605,000 after acquiring an additional 332 shares in the last quarter. Kavar Capital Partners LLC acquired a new stake in United Parcel Service during the second quarter valued at approximately $38,000. Finally, Redmond Asset Management LLC raised its stake in United Parcel Service by 4.4% during the second quarter. Redmond Asset Management LLC now owns 5,499 shares of the transportation company’s stock valued at $568,000 after buying an additional 231 shares in the last quarter. Institutional investors and hedge funds own 55.50% of the company’s stock.

Several analysts have issued reports on UPS shares. Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Thursday, July 25th. Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. Stifel Nicolaus cut United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price objective on the stock. in a research note on Monday, July 29th. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price objective on the stock in a research note on Thursday, May 23rd. Finally, UBS Group upped their price objective on United Parcel Service to $128.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $118.82.

NYSE UPS traded down $0.79 on Thursday, hitting $113.25. 166,244 shares of the stock traded hands, compared to its average volume of 4,370,533. The stock has a market capitalization of $98.65 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.75 and a beta of 1.23. The company has a 50-day moving average price of $109.41. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $125.09. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.03. The company had revenue of $18.05 billion during the quarter, compared to analyst estimates of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Friday, August 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 53.04%.

United Parcel Service Company Profile

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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