Flputnam Investment Management Co. Has $962,000 Holdings in United Parcel Service, Inc. $UPS

Key Points

• Flputnam Investment Management Co. reduced its holdings in United Parcel Service (UPS) by 44.6%, leaving them with 8,745 shares worth approximately $962,000.
• Wall Street analysts have adjusted their target prices for UPS, with Citigroup and UBS Group both lowering their target prices while maintaining a "buy" rating, indicating a consensus rating of "Hold" with an average price target of $112.59.
• UPS has announced a quarterly dividend of $1.64, which translates to an annualized yield of 7.7%, with a high dividend payout ratio of 97.62%.

Flputnam Investment Management Co. reduced its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 44.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,745 shares of the transportation company's stock after selling 7,046 shares during the quarter. Flputnam Investment Management Co.'s holdings in United Parcel Service were worth $962,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service during the first quarter worth about $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $27,000. Citizens National Bank Trust Department boosted its stake in shares of United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after purchasing an additional 210 shares during the period. Fourth Dimension Wealth LLC bought a new position in United Parcel Service in the fourth quarter worth about $28,000. Finally, Hemington Wealth Management increased its holdings in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after buying an additional 115 shares during the period. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UPS. Bank of America dropped their target price on United Parcel Service from $98.00 to $91.00 and set a "buy" rating for the company in a research report on Tuesday. BNP Paribas upgraded United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. 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 report on Wednesday, July 30th. Wolfe Research lowered their price target on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 1st. Finally, Evercore ISI reduced their price objective on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $112.59.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $0.02 during trading hours on Wednesday, reaching $85.25. 7,394,032 shares of the stock were exchanged, compared to its average volume of 7,628,643. The stock's fifty day simple moving average is $93.83 and its 200 day simple moving average is $100.50. The firm has a market capitalization of $72.26 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.60 and a beta of 1.08. United Parcel Service, Inc. has a 52 week low of $84.28 and a 52 week high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share 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 firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same period last year, the business earned $1.79 EPS. The company's revenue was down 2.7% compared to the same quarter last year. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.7%. United Parcel Service's dividend payout ratio (DPR) is 97.62%.

Insider Buying and Selling

In other news, Director Christiana Smith Shi bought 500 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Carol B. Tome acquired 11,682 shares of the stock in a transaction on Friday, August 1st. The stock was bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by 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.