Frank Rimerman Advisors LLC Sells 8,386 Shares of United Parcel Service, Inc. (NYSE:UPS)

Key Points

• Frank Rimerman Advisors LLC reduced its position in United Parcel Service, Inc. by 28.5% during the first quarter, selling 8,386 shares and retaining a total of 21,026 shares valued at approximately $2.31 million.
• CEO Carol B. Tome significantly increased her stake in UPS by acquiring 11,682 shares, representing an 89.61% increase in her ownership.
• The company recently announced a quarterly dividend of $1.64 per share, reflecting a 7.6% yield, with a dividend payout ratio of 97.62%.

Frank Rimerman Advisors LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 28.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,026 shares of the transportation company's stock after selling 8,386 shares during the period. Frank Rimerman Advisors LLC's holdings in United Parcel Service were worth $2,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Koss Olinger Consulting LLC bought a new position in United Parcel Service during the first quarter valued at $1,857,000. Measured Wealth Private Client Group LLC increased its position in United Parcel Service by 51.6% during the first quarter. Measured Wealth Private Client Group LLC now owns 169,081 shares of the transportation company's stock valued at $18,597,000 after acquiring an additional 57,529 shares during the last quarter. Donoghue Forlines LLC bought a new position in United Parcel Service during the first quarter valued at $1,388,000. Zions Bancorporation National Association UT bought a new position in United Parcel Service during the first quarter valued at $3,397,000. Finally, Townsquare Capital LLC increased its position in United Parcel Service by 40.3% during the first quarter. Townsquare Capital LLC now owns 124,966 shares of the transportation company's stock valued at $13,745,000 after acquiring an additional 35,916 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

Insider Activity

In related news, CEO Carol B. Tome acquired 11,682 shares of the business's stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. The trade was a 89.61% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William R. Johnson acquired 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, 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. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Stock Performance

UPS stock opened at $86.65 on Friday. The firm has a market cap of $73.38 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 1.57 and a beta of 1.12. The firm has a 50-day simple moving average of $98.23 and a two-hundred day simple moving average of $104.63. United Parcel Service, Inc. has a one year low of $84.28 and a one year high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.09 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last released 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 firm had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 earnings per share. On average, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be issued a dividend of $1.64 per share. The ex-dividend date is Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.6%. United Parcel Service's dividend payout ratio is 97.62%.

Analysts Set New Price Targets

A number of research firms have weighed in on UPS. Redburn Atlantic cut their price objective on shares of United Parcel Service from $137.00 to $117.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Stifel Canada cut their price objective on shares of United Parcel Service from $145.00 to $124.00 in a research report on Wednesday, April 30th. Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. HSBC lowered shares of United Parcel Service from a "buy" rating to a "hold" rating and lowered their target price for the company from $140.00 to $105.00 in a research note on Thursday, May 1st. Finally, Bank of America reissued a "neutral" rating and set a $98.00 target price on shares of United Parcel Service in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $112.81.

United Parcel Service 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.

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