L. Roy Papp & Associates LLP Lowers Position in United Parcel Service, Inc. $UPS

Key Points

• L. Roy Papp & Associates LLP reduced its stake in United Parcel Service (UPS) by 35.1%, selling 3,803 shares during Q2, leaving them with 7,038 shares worth approximately $710,000.
• Insider trading activity included CEO Carol B. Tome purchasing 11,682 shares at an average price of $85.67, marking an 89.61% increase in her ownership of the stock.
• UPS reported Q2 earnings of $1.55 per share, missing forecasts by $0.01, while also announcing a quarterly dividend of $1.64 per share, reflecting a high yield of 7.7%.

L. Roy Papp & Associates LLP cut its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 35.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,038 shares of the transportation company's stock after selling 3,803 shares during the quarter. L. Roy Papp & Associates LLP's holdings in United Parcel Service were worth $710,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Founders Capital Management LLC increased its position in shares of United Parcel Service by 8.3% during the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company's stock valued at $11,245,000 after acquiring an additional 8,579 shares during the last quarter. Gallacher Capital Management LLC bought a new position in shares of United Parcel Service in the first quarter worth $620,000. Garde Capital Inc. bought a new position in shares of United Parcel Service in the first quarter worth $37,000. Capital CS Group LLC boosted its stake in United Parcel Service by 3.6% during the second quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company's stock valued at $23,730,000 after buying an additional 8,070 shares during the period. Finally, CX Institutional boosted its stake in United Parcel Service by 39.9% during the second quarter. CX Institutional now owns 60,165 shares of the transportation company's stock valued at $6,073,000 after buying an additional 17,152 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Carol B. Tome bought 11,682 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by company insiders.

United Parcel Service Stock Performance

UPS stock opened at $85.28 on Friday. The stock has a market capitalization of $72.28 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.59 and a beta of 1.10. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock's 50 day simple moving average is $85.77 and its 200 day simple moving average is $94.64. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its 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). The company 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%. United Parcel Service's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.79 earnings per share. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UPS. 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. JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $96.00 to $85.00 and set a "neutral" rating on the stock in a report on Wednesday. Evercore ISI reduced their price target on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft decreased their target price on United Parcel Service from $100.00 to $88.00 and set a "hold" rating for the company in a research report on Thursday, October 2nd. Finally, Barclays lowered their target price on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating for the company in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $109.38.

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.

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