Lecap Asset Management Ltd. Has $651,000 Holdings in United Parcel Service, Inc. $UPS

Key Points

• Lecap Asset Management Ltd. reduced its stake in United Parcel Service by 66.5% in the second quarter, holding 6,450 shares worth $651,000 after selling 12,786 shares.
• United Parcel Service's stock recently opened at $85.65, with a market capitalization of $72.60 billion and a P/E ratio of 12.75.
• The company declared a quarterly dividend of $1.64, translating to an annualized dividend of $6.56 and a yield of 7.7%.

Lecap Asset Management Ltd. lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 66.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,450 shares of the transportation company's stock after selling 12,786 shares during the period. Lecap Asset Management Ltd.'s holdings in United Parcel Service were worth $651,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Graybill Wealth Management LTD. bought a new stake in United Parcel Service during the first quarter worth about $26,000. 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. Hemington Wealth Management lifted its stake in shares of United Parcel Service by 68.9% during 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 last quarter. Saudi Central Bank acquired a new stake in United Parcel Service during the first quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC bought a new stake in United Parcel Service in the 1st quarter valued at $33,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Up 1.5%

UPS stock opened at $85.65 on Friday. The firm has a 50-day moving average price of $86.54 and a 200-day moving average price of $95.70. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. 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 has a market capitalization of $72.60 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.

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 (EPS) 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 analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.United Parcel Service's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.79 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Monday, August 18th. United Parcel Service's dividend payout ratio is presently 97.62%.

Insider Activity at United Parcel Service

In other news, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The shares were acquired 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 approximately $2,117,591.06. The trade was a 89.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of the stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director owned 500 shares in the company, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wall Street Zen downgraded shares of United Parcel Service from a "hold" rating to a "sell" rating in a report on Saturday, September 20th. Stifel Nicolaus cut their target price on United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Galvan Research decreased their price target on United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, June 30th. BMO Capital Markets reaffirmed a "market perform" rating and set a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Finally, Citigroup reduced their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, United Parcel Service has a consensus rating of "Hold" and an average price target of $110.41.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.