United Parcel Service, Inc. $UPS Shares Acquired by Logan Capital Management Inc.

Key Points

• Logan Capital Management Inc. increased its stake in United Parcel Service by 31.7%, acquiring an additional 24,242 shares, bringing its total holdings to 100,723 shares worth approximately $11.08 million.
• United Parcel Service reported quarterly earnings of $1.55 EPS, slightly missing estimates, while revenue was down 2.7% year-over-year but exceeded expectations at $21.20 billion.
• The company announced a quarterly dividend of $1.64 per share, yielding 7.8%, with a dividend payout ratio currently at 97.62%.

Logan Capital Management Inc. raised its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 31.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,723 shares of the transportation company's stock after buying an additional 24,242 shares during the quarter. Logan Capital Management Inc.'s holdings in United Parcel Service were worth $11,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Graybill Wealth Management LTD. acquired a new position in United Parcel Service in the 1st quarter worth approximately $26,000. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service during the 4th quarter valued at approximately $27,000. Citizens National Bank Trust Department lifted its position in shares of 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 buying an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in United Parcel Service in the 4th quarter valued at $28,000. Finally, Hemington Wealth Management lifted 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 valued at $31,000 after purchasing an additional 115 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of analyst reports. Evercore ISI lowered 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. Wells Fargo & Company decreased their target price on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 30th. Stifel Nicolaus decreased their target price on United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Galvan Research decreased their target price on United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, June 30th. Finally, Morgan Stanley decreased their target price on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $112.59.

United Parcel Service Price Performance

NYSE:UPS traded down $0.49 during trading hours on Wednesday, hitting $83.91. The company's stock had a trading volume of 6,663,812 shares, compared to its average volume of 8,203,427. The business's 50-day moving average is $92.01 and its two-hundred day moving average is $99.41. The company has a market capitalization of $71.12 billion, a PE ratio of 12.49, a PEG ratio of 1.55 and a beta of 1.08. 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, Inc. has a 52-week low of $83.05 and a 52-week high of $145.01.

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 the consensus estimate of $1.56 by ($0.01). The business had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company's revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.79 EPS. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.8%. United Parcel Service's dividend payout ratio is 97.62%.

Insider Buying and Selling

In other news, CEO Carol B. Tome acquired 11,682 shares of the business's stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of the company's 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 completion of the acquisition, the director owned 500 shares in the company, valued at approximately $44,085. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by company 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.