Landscape Capital Management L.L.C. Sells 11,236 Shares of United Parcel Service, Inc. $UPS

Key Points

• Landscape Capital Management reduced its stake in United Parcel Service (UPS) by 20.5%, selling 11,236 shares, leaving it with 43,637 shares valued at approximately $4.8 million.
• UPS reported earnings of $1.55 per share, slightly below expectations of $1.56, with revenue declining 2.7% year-over-year to $21.20 billion.
• The company declared a quarterly dividend of $1.64, payable on September 4th, representing an annualized yield of 7.5% and a payout ratio of approximately 97.62%.

Landscape Capital Management L.L.C. cut its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 20.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,637 shares of the transportation company's stock after selling 11,236 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in United Parcel Service were worth $4,800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. Graybill Wealth Management LTD. bought a new position in shares of United Parcel Service in the first quarter valued at $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service during the 4th quarter valued at $27,000. Citizens National Bank Trust Department lifted its holdings in United Parcel Service by 525.0% during the 1st 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 last quarter. Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service during the 4th quarter valued at $28,000. Finally, Hemington Wealth Management lifted its holdings in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 0.5%

UPS opened at $87.86 on Thursday. United Parcel Service, Inc. has a fifty-two week low of $84.28 and a fifty-two 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. The company has a market capitalization of $74.47 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.61 and a beta of 1.12. The stock has a fifty day moving average of $95.15 and a 200-day moving average of $101.48.

United Parcel Service (NYSE:UPS - Get Free Report) last posted 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). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same period in the prior year, the business posted $1.79 EPS. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business 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 $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 presently 97.62%.

Insider Buying and Selling

In related news, Director William R. Johnson purchased 5,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the director owned 10,160 shares of the company's stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Carol B. Tome purchased 11,682 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares of the company's stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. 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. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UPS. Wolfe Research cut their price target on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a report on Tuesday, July 1st. Vertical Research reaffirmed a "hold" rating and set a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. BMO Capital Markets cut their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. BNP Paribas Exane raised United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target for the company in a report on Thursday, July 3rd. Finally, Bernstein Bank raised their price target on United Parcel Service from $132.00 to $133.00 in a report on Wednesday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, United Parcel Service has a consensus 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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