Stevens Capital Management LP Purchases New Shares in United Parcel Service, Inc. (NYSE:UPS)
Stevens Capital Management LP purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,160 shares of the transportation company’s stock, valued at approximately $2,908,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. RPG Investment Advisory LLC raised its holdings in shares of United Parcel Service by 277.1% during the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after buying an additional 194 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new position in United Parcel Service during the 1st quarter worth approximately $32,000. First National Corp MA ADV acquired a new position in United Parcel Service during the 1st quarter worth approximately $38,000. Whitener Capital Management Inc. raised its stake in shares of United Parcel Service by 75.0% in the first quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock worth $39,000 after purchasing an additional 150 shares during the last quarter. Finally, Orrstown Financial Services Inc. raised its stake in shares of United Parcel Service by 41.7% in the second quarter. Orrstown Financial Services Inc. now owns 425 shares of the transportation company’s stock worth $44,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 55.50% of the company’s stock.
Several equities analysts have weighed in on the company. Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a report on Tuesday, July 2nd. Credit Suisse Group set a $119.00 price target on United Parcel Service and gave the stock a “neutral” rating in a report on Wednesday, July 31st. UBS Group lifted 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. JPMorgan Chase & Co. restated a “neutral” rating and set a $114.00 price target on shares of United Parcel Service in a research report on Thursday, July 25th. Finally, Raymond James raised their price target on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $118.82.
United Parcel Service (NYSE:UPS) last announced its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.03. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The company had revenue of $18.05 billion during the quarter, compared to the consensus estimate of $17.98 billion. During the same period last year, the firm earned $1.94 earnings per share. United Parcel Service’s revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Monday, August 19th will be issued a $0.96 dividend. The ex-dividend date is Friday, August 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.38%. United Parcel Service’s payout ratio is 53.04%.
United Parcel Service 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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