Douglas Lane & Associates LLC Trims Stock Position in United Parcel Service, Inc. $UPS

Douglas Lane & Associates LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,183 shares of the transportation company’s stock after selling 170 shares during the period. Douglas Lane & Associates LLC’s holdings in United Parcel Service were worth $220,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of UPS. Brighton Jones LLC grew its position in shares of United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the period. Lazard Asset Management LLC grew its position in shares of United Parcel Service by 52.1% during the 4th quarter. Lazard Asset Management LLC now owns 5,375 shares of the transportation company’s stock valued at $677,000 after acquiring an additional 1,842 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of United Parcel Service during the 4th quarter valued at about $409,000. Stonebrook Private Inc. grew its position in shares of United Parcel Service by 4.7% during the 4th quarter. Stonebrook Private Inc. now owns 2,623 shares of the transportation company’s stock valued at $331,000 after acquiring an additional 117 shares during the period. Finally, TrinityPoint Wealth LLC grew its position in shares of United Parcel Service by 7.1% during the 4th quarter. TrinityPoint Wealth LLC now owns 5,687 shares of the transportation company’s stock valued at $717,000 after acquiring an additional 376 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of analyst reports. Vertical Research restated a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a research report on Wednesday, July 30th. Citigroup lowered their price objective on United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Bank of America reiterated an “underperform” rating and issued a $83.00 price objective (down from $91.00) on shares of United Parcel Service in a report on Thursday. Oppenheimer lowered their price objective on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Finally, Morgan Stanley lowered their price objective on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $112.34.

United Parcel Service Price Performance

UPS stock opened at $84.40 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The business has a 50 day simple moving average of $91.22 and a 200-day simple moving average of $98.71. The firm has a market capitalization of $71.53 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. United Parcel Service’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.79 earnings per share. Equities research 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 company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is presently 97.62%.

Insider Activity

In other news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carol B. Tome purchased 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The shares were purchased at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by company insiders.

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.