Hennessy Advisors Inc. Lowers Stock Position in United Parcel Service, Inc. $UPS

Hennessy Advisors Inc. lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,600 shares of the transportation company’s stock after selling 400 shares during the period. Hennessy Advisors Inc.’s holdings in United Parcel Service were worth $6,319,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UPS. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service in the 1st quarter worth approximately $26,000. Citizens National Bank Trust Department raised its position in shares of United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after purchasing an additional 210 shares during the last quarter. Hemington Wealth Management boosted its stake in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank purchased a new stake in United Parcel Service during the 1st quarter valued at about $32,000. Finally, Flaharty Asset Management LLC bought a new stake in United Parcel Service during the 1st quarter valued at about $33,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of UPS opened at $86.79 on Friday. The firm has a market cap of $73.56 billion, a PE ratio of 12.92, a P/E/G ratio of 1.60 and a beta of 1.10. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. 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 fifty day simple moving average of $86.20 and a two-hundred day simple moving average of $95.32.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the previous year, the firm earned $1.79 EPS. The business’s revenue was down 2.7% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is 97.62%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UPS. Susquehanna dropped their target price on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. Wells Fargo & Company decreased their price objective on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday, July 30th. BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price on the stock in a research note on Thursday, July 3rd. Morgan Stanley reduced their target price on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a report on Wednesday, July 30th. Finally, Wall Street Zen cut United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $110.16.

Insider Transactions at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, with a total value 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christiana Smith Shi purchased 500 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director directly owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 17,182 shares of company stock worth $1,477,382 in the last quarter. Company insiders own 0.13% of the company’s stock.

About United Parcel Service

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.