Hancock Holding Co. Sells 216 Shares of United Parcel Service Inc. (UPS)
Hancock Holding Co. reduced its stake in United Parcel Service Inc. (NYSE:UPS) by 9.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,114 shares of the company’s stock after selling 216 shares during the period. Hancock Holding Co.’s holdings in United Parcel Service were worth $228,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its position in United Parcel Service by 26.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 23,209 shares of the company’s stock valued at $2,448,000 after buying an additional 4,883 shares in the last quarter. Gradient Investments LLC raised its position in United Parcel Service by 8.8% in the first quarter. Gradient Investments LLC now owns 39,711 shares of the company’s stock valued at $4,188,000 after buying an additional 3,204 shares in the last quarter. Osborn Rohs Williams & Donohoe Ltd raised its position in United Parcel Service by 10.2% in the first quarter. Osborn Rohs Williams & Donohoe Ltd now owns 12,059 shares of the company’s stock valued at $1,272,000 after buying an additional 1,115 shares in the last quarter. Sit Investment Associates Inc. raised its position in United Parcel Service by 1.6% in the first quarter. Sit Investment Associates Inc. now owns 303,695 shares of the company’s stock valued at $32,031,000 after buying an additional 4,765 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in United Parcel Service by 17.6% in the first quarter. Acadian Asset Management LLC now owns 1,028,952 shares of the company’s stock valued at $108,524,000 after buying an additional 153,954 shares in the last quarter. Institutional investors own 53.28% of the company’s stock.
Shares of United Parcel Service Inc. (NYSE:UPS) traded up 0.88% during midday trading on Thursday, hitting $110.62. 689,607 shares of the stock were exchanged. United Parcel Service Inc. has a 12 month low of $87.30 and a 12 month high of $111.83. The stock has a 50 day moving average price of $109.03 and a 200-day moving average price of $106.08. The company has a market cap of $97.13 billion, a PE ratio of 19.88 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.43 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.43. United Parcel Service had a net margin of 8.41% and a return on equity of 211.88%. The company earned $14.60 billion during the quarter, compared to analysts’ expectations of $14.65 billion. During the same quarter last year, the company posted $1.35 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, analysts predict that United Parcel Service Inc. will post $5.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 16th were given a $0.78 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $3.12 annualized dividend and a yield of 2.85%. United Parcel Service’s dividend payout ratio is presently 56.01%.
UPS has been the subject of several recent research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of United Parcel Service in a research report on Thursday, May 26th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research report on Wednesday, June 29th. Citigroup Inc. restated a “hold” rating on shares of United Parcel Service in a research report on Thursday, June 30th. Morgan Stanley set a $91.00 target price on United Parcel Service and gave the company a “sell” rating in a research report on Monday, August 1st. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $116.00 target price (up previously from $112.00) on shares of United Parcel Service in a research report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $109.23.
In other United Parcel Service news, insider James J. Barber sold 2,268 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $109.79, for a total value of $249,003.72. Following the completion of the transaction, the insider now owns 31,418 shares of the company’s stock, valued at approximately $3,449,382.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by company insiders.
About United Parcel Service
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.
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