United Parcel Service, Inc. $UPS Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 29.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,533 shares of the transportation company’s stock after selling 4,305 shares during the quarter. Baxter Bros Inc.’s holdings in United Parcel Service were worth $1,063,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in UPS. Brighton Jones LLC boosted its position in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after buying an additional 4,723 shares in the last quarter. Wedmont Private Capital boosted its position in shares of United Parcel Service by 25.4% in the 1st quarter. Wedmont Private Capital now owns 3,930 shares of the transportation company’s stock worth $432,000 after buying an additional 797 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of United Parcel Service by 15.7% in the 1st quarter. Park Avenue Securities LLC now owns 19,878 shares of the transportation company’s stock worth $2,186,000 after buying an additional 2,691 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of United Parcel Service by 24.8% in the 1st quarter. Farther Finance Advisors LLC now owns 12,527 shares of the transportation company’s stock worth $1,369,000 after buying an additional 2,486 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its position in shares of United Parcel Service by 83.6% in the 1st quarter. Pallas Capital Advisors LLC now owns 13,261 shares of the transportation company’s stock worth $1,459,000 after buying an additional 6,040 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 0.3%

UPS opened at $86.27 on Thursday. The firm has a 50 day moving average price of $85.79 and a 200 day moving average price of $94.85. The company has a market cap of $73.12 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 1.58 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 debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

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

United Parcel Service Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Stifel Nicolaus decreased 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 report on Wednesday, July 30th. BNP Paribas Exane upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price on the stock in a report on Thursday, July 3rd. Galvan Research reduced their target price on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, June 30th. Finally, BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $109.38.

Insider Buying and Selling at United Parcel Service

In other news, CEO Carol B. Tome acquired 11,682 shares of the stock in a transaction on Friday, August 1st. The stock was bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christiana Smith Shi acquired 500 shares of the stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares of the company’s stock, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 17,182 shares of company stock valued at $1,477,382 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

United Parcel Service 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.