Northwest & Ethical Investments L.P. Lowers Holdings in United Parcel Service, Inc. $UPS

Key Points

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Northwest & Ethical Investments L.P. trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 44.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,808 shares of the transportation company's stock after selling 21,196 shares during the period. Northwest & Ethical Investments L.P.'s holdings in United Parcel Service were worth $2,949,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UPS. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service in the 1st quarter worth $26,000. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service in the 4th quarter worth $27,000. Citizens National Bank Trust Department lifted its position in United Parcel Service by 525.0% during the first 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 in the last quarter. Fourth Dimension Wealth LLC purchased a new position in United Parcel Service during the fourth quarter valued at $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in United Parcel Service during the fourth quarter valued at $31,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the company's stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Johnson bought 5,000 shares of the company's stock in a transaction on Thursday, July 31st. The shares were acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director directly 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 disclosure for this purchase can be found here. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Morgan Stanley decreased their price target on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a report on Wednesday, July 30th. Stephens decreased their price target on United Parcel Service from $110.00 to $101.00 in a report on Wednesday, April 30th. Citigroup decreased their price target on United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. BNP Paribas raised United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. Finally, Barclays decreased their price target on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $112.81.

United Parcel Service Trading Up 1.4%

UPS traded up $1.2070 on Tuesday, hitting $87.7170. The company had a trading volume of 7,213,793 shares, compared to its average volume of 9,957,637. The company has a market cap of $74.35 billion, a PE ratio of 13.05, a PEG ratio of 1.59 and a beta of 1.12. United Parcel Service, Inc. has a 12-month low of $84.28 and a 12-month high of $145.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The business's fifty day simple moving average is $96.69 and its 200 day simple moving average is $102.44.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.79 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, August 18th. United Parcel Service's payout ratio is 97.62%.

About United Parcel Service

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.