EntryPoint Capital LLC Sells 3,792 Shares of United Parcel Service, Inc. $UPS

EntryPoint Capital LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 60.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,505 shares of the transportation company’s stock after selling 3,792 shares during the period. EntryPoint Capital LLC’s holdings in United Parcel Service were worth $276,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Gallacher Capital Management LLC bought a new stake in United Parcel Service in the 1st quarter valued at approximately $620,000. Garde Capital Inc. bought a new stake in shares of United Parcel Service during the 1st quarter worth approximately $37,000. Golden State Wealth Management LLC raised its stake in shares of United Parcel Service by 61.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company’s stock worth $173,000 after purchasing an additional 599 shares in the last quarter. CWA Asset Management Group LLC raised its stake in shares of United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company’s stock worth $381,000 after purchasing an additional 193 shares in the last quarter. Finally, Advisor Resource Council bought a new stake in shares of United Parcel Service during the 1st quarter worth approximately $437,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 3.0%

UPS stock opened at $88.7140 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $75.19 billion, a PE ratio of 13.20, a PEG ratio of 1.58 and a beta of 1.12. United Parcel Service, Inc. has a 1-year low of $84.28 and a 1-year high of $145.01. The business’s 50 day simple moving average is $95.89 and its 200 day simple moving average is $102.00.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service’s dividend payout ratio is currently 97.62%.

Insiders Place Their Bets

In other news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction on Thursday, July 31st. The shares were purchased at an average cost of $86.50 per share, with a total value of $432,500.00. Following the acquisition, the director directly owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Carol B. Tome acquired 11,682 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was purchased at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets dropped their price objective on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Hsbc Global Res cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Wells Fargo & Company dropped their price objective on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 30th. UBS Group dropped their price objective on United Parcel Service from $124.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Finally, Loop Capital dropped their price objective on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $112.81.

United Parcel Service Company Profile

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.