Clark Capital Management Group Inc. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 11.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,395 shares of the transportation company’s stock after selling 3,174 shares during the period. Clark Capital Management Group Inc.’s holdings in United Parcel Service were worth $5,232,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Cordant Inc. acquired a new position in United Parcel Service during the first quarter valued at approximately $26,000. Worth Asset Management LLC acquired a new position in shares of United Parcel Service during the first quarter worth $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of United Parcel Service during the first quarter worth $30,000. Crewe Advisors LLC acquired a new position in shares of United Parcel Service during the first quarter worth $31,000. Finally, Bivin & Associates Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth $32,000. 59.60% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at United Parcel Service
In other United Parcel Service news, CMO Kevin M. Warren sold 23,366 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total value of $4,516,881.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other United Parcel Service news, CMO Kevin M. Warren sold 23,366 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total value of $4,516,881.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathleen M. Gutmann sold 21,307 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total transaction of $4,357,494.57. Following the transaction, the insider now directly owns 102,591 shares of the company’s stock, valued at $20,980,885.41. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.
Analyst Upgrades and Downgrades
United Parcel Service Trading Up 1.3 %
UPS opened at $198.69 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.47 and a quick ratio of 1.47. United Parcel Service, Inc. has a fifty-two week low of $165.34 and a fifty-two week high of $233.72. The firm has a market capitalization of $172.60 billion, a PE ratio of 15.96, a P/E/G ratio of 1.74 and a beta of 1.07. The company’s 50-day moving average is $193.73 and its 200 day moving average is $191.95.
United Parcel Service (NYSE:UPS – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The transportation company reported $3.29 EPS for the quarter, beating the consensus estimate of $3.14 by $0.15. The firm had revenue of $24.80 billion during the quarter, compared to analyst estimates of $24.59 billion. United Parcel Service had a net margin of 10.92% and a return on equity of 76.43%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $3.06 EPS. As a group, research analysts predict that United Parcel Service, Inc. will post 12.85 earnings per share for the current fiscal year.
United Parcel Service Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were paid a $1.52 dividend. The ex-dividend date was Friday, August 12th. This represents a $6.08 annualized dividend and a yield of 3.06%. United Parcel Service’s dividend payout ratio (DPR) is 48.84%.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related 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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