Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 73.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,600 shares of the transportation company’s stock after selling 122,800 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in United Parcel Service were worth $4,738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Godsey & Gibb Associates raised its stake in shares of United Parcel Service by 2.9% during the 1st quarter. Godsey & Gibb Associates now owns 120,648 shares of the transportation company’s stock worth $12,627,000 after purchasing an additional 3,410 shares during the period. Gradient Investments LLC bought a new stake in shares of United Parcel Service during the 2nd quarter worth $8,489,000. Landmark Bank bought a new stake in shares of United Parcel Service during the 2nd quarter worth $379,000. Alpha Cubed Investments LLC raised its stake in shares of United Parcel Service by 1.5% during the 2nd quarter. Alpha Cubed Investments LLC now owns 170,857 shares of the transportation company’s stock worth $18,150,000 after purchasing an additional 2,589 shares during the period. Finally, Parsec Financial Management Inc. raised its stake in shares of United Parcel Service by 6.5% during the 2nd quarter. Parsec Financial Management Inc. now owns 103,656 shares of the transportation company’s stock worth $11,011,000 after purchasing an additional 6,372 shares during the period. Institutional investors own 54.01% of the company’s stock.

Shares of UPS opened at $120.39 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 8.54. The stock has a market capitalization of $106.08 billion, a P/E ratio of 20.03, a PEG ratio of 1.84 and a beta of 1.16. United Parcel Service, Inc. has a fifty-two week low of $101.45 and a fifty-two week high of $135.53.

United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, July 25th. The transportation company reported $1.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.01. The business had revenue of $17.46 billion during the quarter, compared to analyst estimates of $17.34 billion. United Parcel Service had a return on equity of 364.89% and a net margin of 7.49%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 EPS. sell-side analysts expect that United Parcel Service, Inc. will post 7.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Monday, August 20th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Friday, August 17th. United Parcel Service’s payout ratio is presently 60.57%.

A number of research firms have recently commented on UPS. BMO Capital Markets lifted their target price on United Parcel Service to $128.00 and gave the stock a “market perform” rating in a research note on Thursday, July 26th. Cowen reissued a “hold” rating and issued a $128.00 price objective on shares of United Parcel Service in a report on Thursday, July 26th. ValuEngine lowered United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Finally, Loop Capital lifted their price objective on United Parcel Service to $145.00 and gave the stock a “positive” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $125.44.

In other United Parcel Service news, COO James J. Barber sold 2,500 shares of United Parcel Service stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $121.94, for a total transaction of $304,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kathleen M. Gutmann sold 1,700 shares of United Parcel Service stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total value of $203,864.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,512 shares of company stock valued at $1,031,932 in the last ninety days. Insiders own 0.56% of the company’s stock.

United Parcel Service 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.

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

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