Edgar Lomax Co. VA Decreases Holdings in United Parcel Service, Inc. $UPS

Key Points

• Edgar Lomax Co. VA reduced its stake in United Parcel Service by 22.6% in Q3, selling 48,200 shares and ending the quarter with 165,225 shares worth about $13.8 million.
• UPS beat quarterly EPS and revenue estimates (EPS $2.38 vs. $2.20; revenue $24.48B vs. $23.91B) despite a 3.2% year‑over‑year revenue decline, and holds a consensus analyst rating of Hold with a $113.67 target.
• UPS recently paid a quarterly dividend of $1.64 ($6.56 annual), implying a 6.3% yield and a dividend payout ratio of 100%.

Edgar Lomax Co. VA decreased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 22.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,225 shares of the transportation company's stock after selling 48,200 shares during the period. Edgar Lomax Co. VA's holdings in United Parcel Service were worth $13,801,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. CFS Investment Advisory Services LLC lifted its stake in shares of United Parcel Service by 2.6% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company's stock valued at $372,000 after purchasing an additional 108 shares during the last quarter. Center for Financial Planning Inc. lifted its position in United Parcel Service by 4.6% in the third quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company's stock worth $214,000 after buying an additional 112 shares during the last quarter. Wealth Advisory Solutions LLC lifted its position in United Parcel Service by 2.3% in the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company's stock worth $431,000 after buying an additional 118 shares during the last quarter. Winch Advisory Services LLC boosted its stake in United Parcel Service by 37.3% during the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company's stock worth $38,000 after buying an additional 124 shares during the period. Finally, Country Trust Bank increased its position in United Parcel Service by 4.8% during the second quarter. Country Trust Bank now owns 2,747 shares of the transportation company's stock valued at $277,000 after acquiring an additional 125 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 5.9%

UPS opened at $103.96 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. The stock's fifty day moving average is $110.05 and its two-hundred day moving average is $97.36. The company has a market capitalization of $88.27 billion, a P/E ratio of 15.85, a PEG ratio of 1.75 and a beta of 1.08. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $123.70.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The business had revenue of $24.48 billion during the quarter, compared to analysts' expectations of $23.91 billion. During the same period in the prior year, the business earned $2.75 EPS. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.3%. United Parcel Service's dividend payout ratio (DPR) is 100.00%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UPS. TD Cowen raised their target price on shares of United Parcel Service from $101.00 to $115.00 and gave the stock a "hold" rating in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft upped their target price on United Parcel Service from $88.00 to $106.00 and gave the company a "hold" rating in a research note on Wednesday, January 28th. BMO Capital Markets increased their price target on United Parcel Service from $105.00 to $110.00 and gave the stock a "market perform" rating in a report on Wednesday, January 28th. Jefferies Financial Group boosted their price objective on United Parcel Service from $115.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. Finally, Weiss Ratings upgraded United Parcel Service from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and a consensus target price of $113.67.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business's stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company's stock.

About United Parcel Service

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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