United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Dai Ichi Life Insurance Company Ltd

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Dai Ichi Life Insurance Company Ltd decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,587 shares of the transportation company’s stock after selling 1,305 shares during the […]

Dai Ichi Life Insurance Company Ltd decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,587 shares of the transportation company’s stock after selling 1,305 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in United Parcel Service were worth $7,070,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of United Parcel Service by 1,899.6% during the 1st quarter. AQR Capital Management LLC now owns 121,158 shares of the transportation company’s stock valued at $11,319,000 after buying an additional 115,099 shares during the period. Sound Income Strategies LLC lifted its stake in shares of United Parcel Service by 19.6% during the second quarter. Sound Income Strategies LLC now owns 561 shares of the transportation company’s stock worth $62,000 after purchasing an additional 92 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its position in shares of United Parcel Service by 6.2% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 21,062 shares of the transportation company’s stock worth $2,342,000 after buying an additional 1,221 shares during the period. Chilton Investment Co. LLC grew its stake in shares of United Parcel Service by 32.5% in the second quarter. Chilton Investment Co. LLC now owns 30,465 shares of the transportation company’s stock valued at $3,387,000 after buying an additional 7,473 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of United Parcel Service by 15.2% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,264 shares of the transportation company’s stock valued at $140,000 after buying an additional 167 shares in the last quarter. 55.67% of the stock is currently owned by institutional investors.

UPS stock traded up $0.92 during trading on Monday, hitting $163.28. 153,438 shares of the company’s stock traded hands, compared to its average volume of 4,799,964. The stock has a market capitalization of $140.18 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 3.09 and a beta of 0.94. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $162.90. The stock has a fifty day moving average price of $139.13 and a two-hundred day moving average price of $109.43. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 5.30.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $1.06. The business had revenue of $20.46 billion during the quarter, compared to analyst estimates of $17.42 billion. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 6.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, August 21st. United Parcel Service’s dividend payout ratio (DPR) is presently 53.65%.

A number of research firms have weighed in on UPS. Cowen upped their price target on United Parcel Service from $101.00 to $114.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $166.00 price target for the company in a report on Wednesday, August 5th. Citigroup lifted their price target on shares of United Parcel Service from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Deutsche Bank upped their price objective on shares of United Parcel Service from $119.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Goldman Sachs Group lifted their target price on United Parcel Service from $159.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, August 21st. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $131.32.

In related news, Director David P. Abney sold 62,700 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $160.56, for a total transaction of $10,067,112.00. Also, SVP Norman M. Brothers, Jr. sold 9,825 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $159.15, for a total value of $1,563,648.75. Insiders have sold a total of 80,291 shares of company stock worth $12,848,237 over the last quarter. Insiders own 0.57% of the company’s stock.

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.

Read More: Balance Sheet

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

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