United Parcel Service, Inc. $UPS Shares Sold by Pavion Blue Capital LLC

Pavion Blue Capital LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,884 shares of the transportation company’s stock after selling 119 shares during the period. United Parcel Service makes up 1.1% of Pavion Blue Capital LLC’s portfolio, making the stock its 28th biggest holding. Pavion Blue Capital LLC’s holdings in United Parcel Service were worth $2,411,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Cornerstone Wealth Group LLC boosted its position in shares of United Parcel Service by 3.9% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 97 shares in the last quarter. Bangor Savings Bank boosted its position in shares of United Parcel Service by 1.9% during the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock valued at $546,000 after purchasing an additional 101 shares in the last quarter. First Dallas Securities Inc. boosted its position in shares of United Parcel Service by 0.9% during the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock valued at $1,256,000 after purchasing an additional 102 shares in the last quarter. Fortis Capital Advisors LLC boosted its position in shares of United Parcel Service by 3.4% during the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after purchasing an additional 104 shares in the last quarter. Finally, Wright Investors Service Inc. boosted its position in shares of United Parcel Service by 1.3% during the 2nd quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock valued at $793,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. Galvan Research decreased their target price 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. Wells Fargo & Company decreased 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 report on Wednesday, July 30th. Evercore ISI decreased their target price on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a report on Wednesday, July 30th. Finally, BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average price target of $109.31.

United Parcel Service Stock Performance

UPS stock opened at $89.12 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $75.53 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.62 and a beta of 1.10. The firm has a 50 day simple moving average of $85.58 and a 200 day simple moving average of $93.06. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $138.67.

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 company had revenue of $21.20 billion for 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 quarter in the prior year, the business posted $1.79 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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 dividend yield of 7.4%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

Insider Buying and Selling

In related news, CEO Carol B. Tome purchased 11,682 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by company insiders.

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.