Conning Inc. Has $374,000 Stock Holdings in United Parcel Service, Inc. $UPS

Conning Inc. cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 3.4% in the second quarter, Holdings Channel.com reports. The fund owned 3,708 shares of the transportation company’s stock after selling 131 shares during the quarter. Conning Inc.’s holdings in United Parcel Service were worth $374,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in UPS. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service in the 1st quarter valued at $26,000. Citizens National Bank Trust Department lifted its position in shares of 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 buying an additional 210 shares during the last quarter. Hemington Wealth Management lifted its holdings 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 during the last quarter. Saudi Central Bank acquired a new stake in United Parcel Service in the 1st quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in United Parcel Service in the 1st quarter worth approximately $33,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other United Parcel Service news, CEO Carol B. Tome acquired 11,682 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the purchase, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the purchase, the director owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Down 2.7%

Shares of UPS opened at $82.97 on Friday. The company has a 50-day simple moving average of $85.74 and a 200-day simple moving average of $94.34. The firm has a market capitalization of $70.32 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.53 and a beta of 1.10. 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, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01.

United Parcel Service (NYSE:UPS) last posted 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). The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the company earned $1.79 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

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. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.9%. United Parcel Service’s dividend payout ratio is currently 97.62%.

Analyst Upgrades and Downgrades

UPS has been the subject of several analyst reports. Galvan Research reduced their target price on United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a report on Monday, June 30th. Morgan Stanley reduced their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a research note on Wednesday, July 30th. Wells Fargo & Company cut their target price on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft cut their target price on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Finally, Wall Street Zen lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $109.38.

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.