Professional Advisory Services Inc. Sells 2,817 Shares of United Parcel Service, Inc. $UPS

Professional Advisory Services Inc. trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,213 shares of the transportation company’s stock after selling 2,817 shares during the quarter. United Parcel Service makes up about 2.8% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 17th biggest position. Professional Advisory Services Inc.’s holdings in United Parcel Service were worth $20,714,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UPS. Juncture Wealth Strategies LLC lifted its position in shares of United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock worth $454,000 after purchasing an additional 101 shares during the period. Bangor Savings Bank lifted its position in shares of United Parcel Service by 1.9% in the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock worth $546,000 after purchasing an additional 101 shares during the period. First Dallas Securities Inc. lifted its position in shares of United Parcel Service by 0.9% in the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after purchasing an additional 102 shares during the period. TCV Trust & Wealth Management Inc. lifted its position in shares of United Parcel Service by 1.4% in the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock worth $830,000 after purchasing an additional 103 shares during the period. Finally, Fortis Capital Advisors LLC lifted its position in shares of United Parcel Service by 3.4% during the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after acquiring an additional 104 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Performance

Shares of UPS stock opened at $84.14 on Friday. The firm has a 50-day moving average of $89.48 and a 200-day moving average of $97.81. The company has a market cap of $71.31 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.57 and a beta of 1.08. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm 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%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.79 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christiana Smith Shi acquired 500 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was purchased at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director directly owned 500 shares of the company’s stock, valued at $44,085. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 17,182 shares of company stock worth $1,477,382. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on UPS. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 8th. Bank of America restated an “underperform” rating and set a $83.00 price objective (down previously from $91.00) on shares of United Parcel Service in a report on Thursday, September 11th. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research note on Friday. Finally, Wall Street Zen lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $111.44.

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.