Cantor Fitzgerald Investment Adviser L.P. bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,367 shares of the transportation company’s stock, valued at approximately $1,146,000.

Other hedge funds have also bought and sold shares of the company. V Wealth Management LLC acquired a new position in shares of United Parcel Service during the 2nd quarter worth approximately $102,000. Parkside Financial Bank & Trust grew its holdings in United Parcel Service by 17.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after buying an additional 160 shares in the last quarter. First PREMIER Bank grew its holdings in United Parcel Service by 5.0% in the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares in the last quarter. Ullmann Financial Group Inc. acquired a new position in United Parcel Service in the 1st quarter valued at $126,000. Finally, Winslow Evans & Crocker Inc. grew its holdings in United Parcel Service by 261.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares in the last quarter. 52.86% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have commented on UPS. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $123.00 price objective (up from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Seaport Global Securities began coverage on United Parcel Service in a report on Tuesday, June 6th. They issued a “neutral” rating on the stock. Credit Suisse Group reaffirmed a “neutral” rating and issued a $108.00 price objective on shares of United Parcel Service in a report on Tuesday, August 15th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $115.27.

In other news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Shares of United Parcel Service, Inc. (UPS) opened at 117.67 on Monday. The stock has a 50 day moving average price of $114.04 and a 200 day moving average price of $109.26. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44. The firm has a market cap of $101.90 billion, a PE ratio of 28.93 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The company had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same quarter in the previous year, the company posted $1.43 EPS. United Parcel Service’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts expect that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.

ILLEGAL ACTIVITY NOTICE: “Cantor Fitzgerald Investment Adviser L.P. Buys New Holdings in United Parcel Service, Inc. (UPS)” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.dailypolitical.com/2017/09/25/cantor-fitzgerald-investment-adviser-l-p-buys-new-holdings-in-united-parcel-service-inc-ups.html.

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. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with MarketBeat.com's FREE daily email newsletter.