Sand Hill Global Advisors LLC Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)

Posted by Defense World Staff on Sep 9th, 2023

Sand Hill Global Advisors LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 0.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,311 shares of the transportation company’s stock after selling 159 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in United Parcel Service were worth $8,014,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Worth Asset Management LLC acquired a new position in United Parcel Service in the 1st quarter worth approximately $27,000. Dark Forest Capital Management LP acquired a new position in United Parcel Service in the 4th quarter worth approximately $31,000. Carderock Capital Management Inc. acquired a new position in United Parcel Service in the 1st quarter worth approximately $32,000. Centerpoint Advisors LLC increased its holdings in United Parcel Service by 205.0% in the 1st quarter. Centerpoint Advisors LLC now owns 183 shares of the transportation company’s stock worth $36,000 after buying an additional 123 shares during the period. Finally, Heritage Wealth Management LLC grew its stake in shares of United Parcel Service by 126.2% during the 4th quarter. Heritage Wealth Management LLC now owns 242 shares of the transportation company’s stock worth $42,000 after purchasing an additional 135 shares during the period. 58.45% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 0.7 %

NYSE UPS opened at $161.04 on Friday. United Parcel Service, Inc. has a 52 week low of $154.87 and a 52 week high of $200.96. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.97. The business’s fifty day simple moving average is $177.52 and its 200-day simple moving average is $179.03. The firm has a market cap of $137.60 billion, a PE ratio of 13.97, a P/E/G ratio of 1.67 and a beta of 1.09.

United Parcel Service (NYSE:UPS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.49 by $0.05. United Parcel Service had a return on equity of 51.28% and a net margin of 10.41%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $23.04 billion. During the same quarter in the previous year, the firm earned $3.29 EPS. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 9.7 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 14th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $6.48 annualized dividend and a dividend yield of 4.02%. United Parcel Service’s dividend payout ratio is presently 56.20%.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of United Parcel Service from $181.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. Oppenheimer raised their price objective on shares of United Parcel Service from $188.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Loop Capital cut shares of United Parcel Service from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $210.00 to $195.00 in a research note on Wednesday, August 9th. Stifel Nicolaus raised their price objective on shares of United Parcel Service to $203.00 in a research note on Wednesday, July 26th. Finally, Barclays raised their price objective on shares of United Parcel Service from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $189.54.

Get Our Latest Stock Report on UPS

Insider Transactions at United Parcel Service

In other news, insider Nando Cesarone sold 22,825 shares of United Parcel Service stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $171.70, for a total transaction of $3,919,052.50. Following the transaction, the insider now owns 1 shares in the company, valued at approximately $171.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.12% of the company’s stock.

United Parcel Service 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.