Cambridge Investment Research Advisors Inc. Sells 13,768 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cambridge Investment Research Advisors Inc. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 133,471 shares of the transportation company’s stock after selling 13,768 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in United Parcel Service were worth $27,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Lester Murray Antman dba SimplyRich raised its position in United Parcel Service by 2.7% during the 1st quarter. Lester Murray Antman dba SimplyRich now owns 1,879 shares of the transportation company’s stock worth $319,000 after purchasing an additional 49 shares during the last quarter. HBC Financial Services PLLC raised its position in shares of United Parcel Service by 13.1% in the 1st quarter. HBC Financial Services PLLC now owns 432 shares of the transportation company’s stock worth $78,000 after acquiring an additional 50 shares in the last quarter. Coyle Financial Counsel LLC raised its position in shares of United Parcel Service by 3.1% in the 1st quarter. Coyle Financial Counsel LLC now owns 1,653 shares of the transportation company’s stock worth $281,000 after acquiring an additional 50 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its position in shares of United Parcel Service by 1.7% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,912 shares of the transportation company’s stock worth $495,000 after acquiring an additional 50 shares in the last quarter. Finally, Becker Capital Management Inc. raised its position in shares of United Parcel Service by 3.6% in the 1st quarter. Becker Capital Management Inc. now owns 1,436 shares of the transportation company’s stock worth $244,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 56.98% of the company’s stock.

UPS opened at $191.01 on Wednesday. The company has a fifty day moving average price of $198.82 and a 200-day moving average price of $193.90. The firm has a market capitalization of $166.38 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.39 and a quick ratio of 1.39. United Parcel Service, Inc. has a one year low of $154.76 and a one year high of $219.59.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 27th. The transportation company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.25. United Parcel Service had a net margin of 6.66% and a return on equity of 155.54%. The company had revenue of $23.42 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period in the previous year, the business earned $2.13 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, analysts expect that United Parcel Service, Inc. will post 11.16 earnings per share for the current year.

United Parcel Service announced that its board has initiated a stock repurchase plan on Thursday, August 5th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the transportation company to repurchase up to 3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 9th. Investors of record on Monday, August 23rd were given a $1.02 dividend. The ex-dividend date was Friday, August 20th. This represents a $4.08 annualized dividend and a yield of 2.14%. United Parcel Service’s dividend payout ratio (DPR) is presently 49.57%.

Several analysts have recently commented on UPS shares. Stephens raised their target price on United Parcel Service from $207.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, June 10th. Barclays raised their target price on United Parcel Service from $205.00 to $230.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 8th. Morgan Stanley raised their target price on United Parcel Service from $120.00 to $130.00 and gave the company an “underweight” rating in a research note on Thursday, June 10th. UBS Group restated a “buy” rating on shares of United Parcel Service in a research note on Tuesday, August 17th. Finally, Raymond James lifted their price target on United Parcel Service from $223.00 to $240.00 and gave the company a “strong-buy” rating in a research note on Friday, June 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Buy” and an average price target of $205.75.

About United Parcel Service

United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.

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

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