Neuberger Berman Group LLC Reduces Holdings in United Parcel Service, Inc. (UPS)

Neuberger Berman Group LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,941 shares of the transportation company’s stock after selling 5,613 shares during the quarter. Neuberger Berman Group LLC’s holdings in United Parcel Service were worth $14,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in shares of United Parcel Service by 0.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after purchasing an additional 5 shares during the last quarter. SNS Financial Group LLC lifted its holdings in shares of United Parcel Service by 0.5% during the second quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock valued at $488,000 after purchasing an additional 24 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of United Parcel Service by 0.4% during the second quarter. Riverhead Capital Management LLC now owns 10,870 shares of the transportation company’s stock valued at $1,202,000 after purchasing an additional 44 shares during the last quarter. Security National Trust Co. lifted its holdings in shares of United Parcel Service by 3.9% during the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 48 shares during the last quarter. Finally, BTR Capital Management Inc. raised its holdings in United Parcel Service by 0.4% in the 2nd quarter. BTR Capital Management Inc. now owns 13,458 shares of the transportation company’s stock worth $1,488,000 after acquiring an additional 50 shares during the last quarter. 53.51% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on UPS shares. Deutsche Bank restated a “buy” rating and issued a $145.00 price objective (up from $135.00) on shares of United Parcel Service in a report on Monday, January 8th. Robert W. Baird restated a “hold” rating and issued a $130.00 price objective on shares of United Parcel Service in a report on Tuesday, January 9th. Goldman Sachs Group started coverage on shares of United Parcel Service in a report on Monday, November 13th. They issued a “buy” rating and a $148.00 price objective for the company. Knight Equity restated a “buy” rating and issued a $135.00 price objective (down from $145.00) on shares of United Parcel Service in a report on Monday, January 8th. Finally, Vetr upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price for the company in a research note on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. United Parcel Service has an average rating of “Hold” and an average price target of $126.47.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded down $2.89 during mid-day trading on Friday, hitting $106.39. 11,172,074 shares of the stock were exchanged, compared to its average volume of 5,090,000. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $135.53. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.06 and a current ratio of 1.22. The company has a market cap of $91,680.00, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 1.59 and a beta of 0.91.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.01. The firm had revenue of $18.83 billion during the quarter, compared to the consensus estimate of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. sell-side analysts expect that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $3.64 annualized dividend and a yield of 3.42%. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio is currently 59.18%.

TRADEMARK VIOLATION WARNING: This story was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://ledgergazette.com/2018/02/12/united-parcel-service-inc-ups-position-reduced-by-neuberger-berman-group-llc.html.

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

Leave a Reply