Neville Rodie & Shaw Inc. Cuts Stake in United Parcel Service, Inc. $UPS

Key Points

• Neville Rodie & Shaw Inc. reduced its stake in United Parcel Service, Inc. (UPS) by 26.9%, owning 11,701 shares worth $1,182,000 after selling 4,296 shares in Q2.
• Several institutional investors increased their holdings in UPS, with Goldman Sachs boosting its stake by 124.0%, resulting in ownership of over 9 million shares valued at nearly $1 billion.
• United Parcel Service reported a miss on EPS at $1.55 against an estimate of $1.56, alongside a revenue decline of 2.7% year-over-year, totaling $21.20 billion for the quarter.

Neville Rodie & Shaw Inc. lessened its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,701 shares of the transportation company's stock after selling 4,296 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in United Parcel Service were worth $1,182,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in UPS. Brighton Jones LLC raised its position in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after acquiring an additional 4,723 shares in the last quarter. Lazard Asset Management LLC grew its stake in United Parcel Service by 52.1% during the fourth quarter. Lazard Asset Management LLC now owns 5,375 shares of the transportation company's stock worth $677,000 after buying an additional 1,842 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in United Parcel Service by 10.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,976 shares of the transportation company's stock worth $13,736,000 after buying an additional 10,074 shares in the last quarter. Quantinno Capital Management LP grew its stake in United Parcel Service by 14.8% during the fourth quarter. Quantinno Capital Management LP now owns 74,283 shares of the transportation company's stock worth $9,367,000 after buying an additional 9,550 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of United Parcel Service by 13.7% in the 4th quarter. ProShare Advisors LLC now owns 106,207 shares of the transportation company's stock valued at $13,393,000 after purchasing an additional 12,771 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Down 0.3%

Shares of NYSE UPS traded down $0.28 during trading on Monday, hitting $84.07. The stock had a trading volume of 6,372,705 shares, compared to its average volume of 6,603,825. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $71.26 billion, a PE ratio of 12.51, a PEG ratio of 1.55 and a beta of 1.08. The firm has a fifty day moving average of $91.22 and a two-hundred day moving average of $98.71.

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 (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the company earned $1.79 EPS. The business's revenue was down 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group cut their target price on shares of United Parcel Service from $124.00 to $118.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Truist Financial cut their target price on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Argus cut their target price on shares of United Parcel Service from $150.00 to $120.00 in a research report on Friday, May 23rd. Wells Fargo & Company cut their target price on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus dropped their price target on shares of United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $112.34.

Insider Transactions at United Parcel Service

In related news, CEO Carol B. Tome purchased 11,682 shares of the business'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 of the company's stock, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christiana Smith Shi purchased 500 shares of the business'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 directly owned 500 shares in the company, valued at $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 17,182 shares of company stock worth $1,477,382 in the last quarter. 0.13% of the stock is currently owned by corporate 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.