United Parcel Service, Inc. $UPS Shares Acquired by Edgar Lomax Co. VA

Key Points

• Edgar Lomax Co. VA increased its holdings in United Parcel Service (UPS) by 235.5%, acquiring an additional 152,190 shares in the first quarter, making UPS a significant part of its investment portfolio.
• Insider transactions included Director William R. Johnson and CEO Carol B. Tome increasing their ownership of UPS stock by 96.90% and 89.61% respectively through the purchase of thousands of shares in late July and early August.
• Research analysts have recently downgraded UPS's price targets, with a consensus rating of "Hold" and a target price averaging $112.81, amidst predictions of a slight earnings decline year-over-year.

Edgar Lomax Co. VA increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 235.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 216,810 shares of the transportation company's stock after acquiring an additional 152,190 shares during the quarter. United Parcel Service makes up about 1.5% of Edgar Lomax Co. VA's holdings, making the stock its 27th biggest position. Edgar Lomax Co. VA's holdings in United Parcel Service were worth $23,847,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of United Parcel Service by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company's stock valued at $7,274,323,000 after acquiring an additional 999,832 shares during the period. Charles Schwab Investment Management Inc. grew its position in United Parcel Service by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock valued at $2,754,751,000 after buying an additional 1,780,807 shares during the last quarter. Goldman Sachs Group Inc. grew its position in United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock valued at $991,132,000 after buying an additional 4,988,044 shares during the last quarter. Northern Trust Corp grew its position in United Parcel Service by 0.3% in the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company's stock valued at $815,633,000 after buying an additional 23,918 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in United Parcel Service by 19.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock valued at $815,102,000 after buying an additional 1,064,293 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of UPS stock traded up $1.2070 during mid-day trading on Tuesday, reaching $87.7170. The stock had a trading volume of 7,213,793 shares, compared to its average volume of 9,957,637. United Parcel Service, Inc. has a 12-month low of $84.28 and a 12-month high of $145.01. The company has a market cap of $74.35 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.59 and a beta of 1.12. The business has a 50-day simple moving average of $96.69 and a 200 day simple moving average of $102.44. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. During the same quarter in the prior year, the business earned $1.79 EPS. The company's quarterly revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be given a $1.64 dividend. The ex-dividend date is Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.5%. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Analyst Ratings Changes

UPS has been the topic of a number of analyst reports. HSBC lowered shares of United Parcel Service from a "buy" rating to a "hold" rating and lowered their price objective for the company from $140.00 to $105.00 in a research report on Thursday, May 1st. Susquehanna lowered their price objective on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. Evercore ISI lowered their price objective on shares of United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a research report on Wednesday, July 30th. Stifel Canada lowered their price objective on shares of United Parcel Service from $145.00 to $124.00 in a research report on Wednesday, April 30th. Finally, BMO Capital Markets lowered their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $112.81.

Insiders Place Their Bets

In other news, CEO Carol B. Tome purchased 11,682 shares of the company's stock in a transaction dated Friday, August 1st. The stock was acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, 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 acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director William R. Johnson purchased 5,000 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.13% of the company's stock.

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.