Woodmont Investment Counsel LLC Lowers Stock Holdings in United Parcel Service, Inc. $UPS

Woodmont Investment Counsel LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 66.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 26,196 shares of the transportation company’s stock after selling 51,858 shares during the period. Woodmont Investment Counsel LLC’s holdings in United Parcel Service were worth $2,644,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UPS. Brighton Jones LLC boosted its position in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares during the period. Vest Financial LLC boosted its position in United Parcel Service by 73.5% in the 1st quarter. Vest Financial LLC now owns 8,436 shares of the transportation company’s stock valued at $928,000 after buying an additional 3,574 shares during the period. SeaCrest Wealth Management LLC boosted its position in United Parcel Service by 6.0% in the 1st quarter. SeaCrest Wealth Management LLC now owns 5,718 shares of the transportation company’s stock valued at $629,000 after buying an additional 325 shares during the period. LexAurum Advisors LLC boosted its position in United Parcel Service by 40.2% in the 1st quarter. LexAurum Advisors LLC now owns 3,851 shares of the transportation company’s stock valued at $424,000 after buying an additional 1,104 shares during the period. Finally, Wedmont Private Capital lifted its position in shares of United Parcel Service by 25.4% in the 1st quarter. Wedmont Private Capital now owns 3,930 shares of the transportation company’s stock worth $432,000 after purchasing an additional 797 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Up 1.4%

NYSE UPS opened at $86.79 on Monday. 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 firm 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. The company has a 50 day moving average price of $86.20 and a 200 day moving average price of $95.17. 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 data 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 firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter last year, the firm earned $1.79 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. As a group, sell-side 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. Shareholders of record on Monday, August 18th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.6%. United Parcel Service’s dividend payout ratio is presently 97.62%.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director owned 10,160 shares of the company’s stock, valued at $878,840. This trade represents a 96.90% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Carol B. Tome purchased 11,682 shares of the business’s stock in a transaction on Friday, August 1st. The shares were 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 directly owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on UPS shares. Deutsche Bank Aktiengesellschaft lowered their price target 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. UBS Group lowered their price target 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. Vertical Research reaffirmed a “hold” rating and issued a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. Wall Street Zen cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Finally, JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a research report on Tuesday, July 8th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.