Hennessy Advisors Inc. Sells 400 Shares of United Parcel Service, Inc. $UPS

Hennessy Advisors Inc. decreased its position 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 SEC. The institutional investor owned 62,600 shares of the transportation company’s stock after selling 400 shares during the quarter. Hennessy Advisors Inc.’s holdings in United Parcel Service were worth $6,319,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of UPS. Fortis Capital Advisors LLC raised its holdings in United Parcel Service by 5.7% during the second quarter. Fortis Capital Advisors LLC now owns 3,365 shares of the transportation company’s stock valued at $340,000 after acquiring an additional 180 shares during the period. Precedent Wealth Partners LLC grew its position in shares of United Parcel Service by 26.6% during the second quarter. Precedent Wealth Partners LLC now owns 12,006 shares of the transportation company’s stock worth $1,212,000 after purchasing an additional 2,519 shares in the last quarter. Franklin Street Advisors Inc. NC grew its position in shares of United Parcel Service by 6.9% during the second quarter. Franklin Street Advisors Inc. NC now owns 3,972 shares of the transportation company’s stock worth $401,000 after purchasing an additional 255 shares in the last quarter. Ascent Group LLC raised its stake in United Parcel Service by 51.6% during the 2nd quarter. Ascent Group LLC now owns 35,150 shares of the transportation company’s stock valued at $3,548,000 after purchasing an additional 11,969 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in United Parcel Service by 2.5% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 13,712 shares of the transportation company’s stock worth $1,384,000 after purchasing an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $86.79 on Friday. The company’s 50-day moving average price is $86.20 and its 200-day moving average price is $95.32. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The company has a market cap of $73.56 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01.

United Parcel Service (NYSE:UPS) last released its quarterly 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). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter in the prior year, the business posted $1.79 EPS. The company’s revenue was down 2.7% on a year-over-year basis. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 7.6%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is presently 97.62%.

Insider Activity at United Parcel Service

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

Analyst Ratings Changes

UPS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, July 8th. Citigroup dropped their target price on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Wolfe Research reduced their price target on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, July 1st. Barclays dropped their price objective on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, July 31st. Finally, Galvan Research reduced their target price on United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.16.

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.