United Parcel Service, Inc. $UPS Shares Sold by Carlton Hofferkamp & Jenks Wealth Management LLC

Carlton Hofferkamp & Jenks Wealth Management LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,063 shares of the transportation company’s stock after selling 314 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in United Parcel Service were worth $1,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UPS. Founders Capital Management LLC grew its stake in United Parcel Service by 8.3% during the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock worth $11,245,000 after buying an additional 8,579 shares during the last quarter. Gallacher Capital Management LLC bought a new position in United Parcel Service during the 1st quarter worth $620,000. Capital CS Group LLC grew its stake in United Parcel Service by 3.6% during the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock worth $23,730,000 after buying an additional 8,070 shares during the last quarter. CX Institutional grew its stake in United Parcel Service by 39.9% during the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock worth $6,073,000 after buying an additional 17,152 shares during the last quarter. Finally, Stephens Inc. AR grew its stake in United Parcel Service by 20.1% during the 2nd quarter. Stephens Inc. AR now owns 90,368 shares of the transportation company’s stock worth $9,122,000 after buying an additional 15,135 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UPS. Morgan Stanley lowered their price objective on 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. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research note on Friday. Stifel Nicolaus decreased their price target on United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Susquehanna decreased their target price on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company decreased their target price on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, United Parcel Service currently has an average rating of “Hold” and an average price target of $109.31.

United Parcel Service Trading Up 0.2%

Shares of NYSE UPS opened at $87.21 on Friday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $140.33. The company has a market cap of $73.91 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.61 and a beta of 1.10. 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 business has a fifty day simple moving average of $85.52 and a 200-day simple moving average of $93.17.

United Parcel Service (NYSE:UPS) last announced its 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 net margin of 6.34% and a return on equity of 39.61%. The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. During the same period in the prior year, the company earned $1.79 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio is currently 97.62%.

Insider Buying and Selling

In other United Parcel Service news, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer owned 24,718 shares in the company, valued at approximately $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 this link. Also, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of 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 ninety days, insiders acquired 17,182 shares of company stock valued at $1,477,382. Corporate insiders own 0.13% of the company’s stock.

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.