Veritas Investment Management LLP maintained its stake in shares of United Parcel Service Inc. (NYSE:UPS) during the second quarter, Holdings Channel reports. The firm owned 2,200 shares of the company’s stock at the end of the second quarter. Veritas Investment Management LLP’s holdings in United Parcel Service were worth $237,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Americafirst Capital Management LLC bought a new stake in shares of United Parcel Service during the second quarter worth about $102,000. Security National Trust Co. boosted its stake in shares of United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock worth $115,000 after buying an additional 275 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of United Parcel Service by 17.4% in the second quarter. Advisory Services Network LLC now owns 1,206 shares of the company’s stock worth $130,000 after buying an additional 179 shares during the last quarter. Kanaly Trust Co boosted its stake in shares of United Parcel Service by 1.3% in the second quarter. Kanaly Trust Co now owns 1,359 shares of the company’s stock worth $146,000 after buying an additional 17 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of United Parcel Service by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,465 shares of the company’s stock worth $157,000 after buying an additional 5 shares during the last quarter. 53.28% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Inc. (NYSE:UPS) traded up 0.86% on Wednesday, reaching $109.28. The company’s stock had a trading volume of 1,052,981 shares. The company has a market cap of $95.95 billion, a P/E ratio of 19.64 and a beta of 0.91. The company has a 50-day moving average price of $108.97 and a 200 day moving average price of $106.05. United Parcel Service Inc. has a 12 month low of $87.30 and a 12 month high of $111.83.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.43 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.43. The firm had revenue of $14.60 billion for the quarter, compared to analyst estimates of $14.65 billion. United Parcel Service had a return on equity of 211.88% and a net margin of 8.41%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 EPS. On average, equities research analysts anticipate that United Parcel Service Inc. will post $5.81 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 16th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $3.12 annualized dividend and a dividend yield of 2.88%. United Parcel Service’s dividend payout ratio is currently 56.01%.

Several research firms have recently weighed in on UPS. William Blair reissued an “outperform” rating on shares of United Parcel Service in a research report on Tuesday, September 13th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $116.00 price objective (up from $112.00) on shares of United Parcel Service in a research report on Tuesday, August 2nd. Sanford C. Bernstein reissued an “outperform” rating on shares of United Parcel Service in a research report on Thursday, May 26th. Argus increased their price objective on United Parcel Service from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $109.23.

In other news, insider James J. Barber sold 2,268 shares of United Parcel Service stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $109.79, for a total transaction of $249,003.72. Following the completion of the transaction, the insider now directly owns 31,418 shares in the company, valued at approximately $3,449,382.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

5 Day Chart for NYSE:UPS

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