Stolper Co Reduces Stock Holdings in United Parcel Service, Inc. $UPS

Key Points

• Stolper Co reduced its stake in United Parcel Service (UPS) by 15.5% in Q2, now holding 30,133 shares worth approximately $3.04 million.
• The CEO, Carol B. Tome, significantly increased her holdings by purchasing 11,682 shares for around $1 million, raising her total ownership by 89.61%.
• Analysts have adjusted their price targets for UPS, with projections ranging from $91.00 to $120.00, and a consensus average rating of "Hold".

Stolper Co cut its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 15.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,133 shares of the transportation company's stock after selling 5,539 shares during the period. Stolper Co's holdings in United Parcel Service were worth $3,042,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $28,000. Graybill Wealth Management LTD. bought a new position in shares of United Parcel Service in the first quarter valued at approximately $26,000. Citizens National Bank Trust Department grew its holdings in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after acquiring an additional 210 shares in the last quarter. Finally, Hemington Wealth Management grew its holdings in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after acquiring an additional 115 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 1.1%

Shares of NYSE UPS traded down $0.91 during trading hours on Friday, hitting $84.14. The company's stock had a trading volume of 18,090,067 shares, compared to its average volume of 7,575,006. 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 stock has a market cap of $71.31 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 1.55 and a beta of 1.08. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The business has a 50-day simple moving average of $89.48 and a 200-day simple moving average of $97.81.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business's revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 earnings per share. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were purchased at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director directly owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Carol B. Tome purchased 11,682 shares of the company's stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on UPS shares. Barclays dropped their price objective on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a research note on Thursday, July 31st. BNP Paribas upgraded United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Argus dropped their price objective on United Parcel Service from $150.00 to $120.00 in a research note on Friday, May 23rd. Evercore ISI dropped their price objective on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a research note on Wednesday, July 30th. Finally, Wolfe Research dropped their price objective on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $111.44.

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.