United Parcel Service, Inc. $UPS Stake Lessened by Baxter Bros Inc.

Baxter Bros Inc. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 29.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,533 shares of the transportation company’s stock after selling 4,305 shares during the period. Baxter Bros Inc.’s holdings in United Parcel Service were worth $1,063,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Graybill Wealth Management LTD. acquired a new position in United Parcel Service in the first quarter worth $26,000. Citizens National Bank Trust Department boosted its holdings in United Parcel Service by 525.0% in the first 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 period. Hemington Wealth Management boosted its holdings in United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after purchasing an additional 115 shares during the period. Saudi Central Bank acquired a new position in United Parcel Service in the first quarter worth $32,000. Finally, Flaharty Asset Management LLC acquired a new position in United Parcel Service in the first quarter worth $33,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

UPS stock opened at $86.27 on Thursday. The company has a market capitalization of $73.12 billion, a P/E ratio of 12.84, a PEG ratio of 1.58 and a beta of 1.10. The company has a 50-day simple moving average of $85.79 and a 200 day simple moving average of $94.85. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

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

United Parcel Service Dividend Announcement

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 $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 is presently 97.62%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on UPS. Susquehanna decreased their price objective on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Barclays decreased 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. JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $96.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday. Galvan Research reduced their price target on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a report on Monday, June 30th. Finally, BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target for the company in a report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $109.38.

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.