XTX Topco Ltd Sells 61,086 Shares of United Parcel Service, Inc. $UPS
XTX Topco Ltd reduced its holdings in United Parcel Service, Inc. by 91.1% in Q2, selling 61,086 shares. The fund now owns 5,953 shares worth $601,000. Other investors have also adjusted their UPS holdings. Analysts have varied ratings on UPS, with a consensus "Hold" and an average price target of $110.00. UPS reported Q3 earnings of $1.74 per share, beating estimates, with revenue of $21.42 billion, down 3.7% year-over-year.
XTX Topco Ltd decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 91.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,953 shares of the transportation company's stock after selling 61,086 shares during the quarter. XTX Topco Ltd's holdings in United Parcel Service were worth $601,000 at the end of the most recent reporting period.
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Other institutional investors and hedge funds have also recently modified their holdings of the company. Evelyn Partners Investment Management Europe Ltd boosted its holdings in shares of United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company's stock worth $25,000 after buying an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in United Parcel Service in the 2nd quarter valued at about $26,000. Hemington Wealth Management lifted its position in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after acquiring an additional 115 shares during the last quarter. Saudi Central Bank acquired a new position in shares of United Parcel Service in the first quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC bought a new position in shares of United Parcel Service during the first quarter worth approximately $33,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have commented on UPS. Wells Fargo & Company upped their price objective on United Parcel Service from $91.00 to $96.00 and gave the company an "equal weight" rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price target on shares of United Parcel Service from $85.00 to $97.00 and gave the company a "neutral" rating in a research note on Wednesday, October 29th. UBS Group raised their price target on shares of United Parcel Service from $110.00 to $113.00 and gave the stock a "buy" rating in a research report on Wednesday, October 29th. Susquehanna boosted their price objective on shares of United Parcel Service from $100.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, October 29th. Finally, Stifel Nicolaus decreased their target price on shares of United Parcel Service from $120.00 to $109.00 and set a "buy" rating on the stock in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and an average price target of $110.00.
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Check Out Our Latest Stock Analysis on United Parcel Service
United Parcel Service Price Performance
UPS stock opened at $98.16 on Thursday. The company's 50-day moving average price is $90.56 and its two-hundred day moving average price is $92.64. The firm has a market cap of $83.27 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.27 and a beta of 1.11. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $136.99.
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United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. During the same quarter last year, the company posted $1.76 EPS. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.
United Parcel Service Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.7%. United Parcel Service's payout ratio is presently 101.39%.
United Parcel Service Profile
(Free Report)United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
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