United Parcel Service, Inc. $UPS is Capital CS Group LLC's Largest Position

Key Points

• Capital CS Group LLC increased its holdings in United Parcel Service (UPS) by 3.6%, making UPS its largest investment at a value of approximately $23.73 million.
• CEO Carol B. Tome purchased 11,682 shares of UPS stock for about $1 million, raising her ownership by 89.61%.
• Despite reporting revenue of $21.20 billion for the last quarter, UPS missed earnings per share estimates by $0.01, resulting in a downward revision of target prices by several analysts.

Capital CS Group LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,090 shares of the transportation company's stock after acquiring an additional 8,070 shares during the quarter. United Parcel Service accounts for approximately 38.5% of Capital CS Group LLC's holdings, making the stock its largest position. Capital CS Group LLC's holdings in United Parcel Service were worth $23,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UPS. GAMMA Investing LLC boosted its stake in United Parcel Service by 87.7% during the second quarter. GAMMA Investing LLC now owns 12,280 shares of the transportation company's stock valued at $1,240,000 after buying an additional 5,738 shares during the last quarter. Ridgewood Investments LLC raised its stake in shares of United Parcel Service by 9.9% during the 2nd quarter. Ridgewood Investments LLC now owns 16,120 shares of the transportation company's stock worth $1,627,000 after acquiring an additional 1,449 shares in the last quarter. Clear Harbor Asset Management LLC raised its position in shares of United Parcel Service by 29.1% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 7,014 shares of the transportation company's stock valued at $708,000 after purchasing an additional 1,583 shares during the last quarter. Iams Wealth Management LLC boosted its position in United Parcel Service by 1.9% in the second quarter. Iams Wealth Management LLC now owns 41,737 shares of the transportation company's stock valued at $4,213,000 after buying an additional 777 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in United Parcel Service by 12.1% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 90,127 shares of the transportation company's stock valued at $9,097,000 after acquiring an additional 9,755 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Oppenheimer cut their price target on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Wall Street Zen cut United Parcel Service from a "hold" rating to a "sell" rating in a research report on Saturday. BMO Capital Markets restated a "market perform" rating and set a $96.00 price target (down previously from $125.00) on shares of United Parcel Service in a research note on Friday. Bank of America reissued an "underperform" rating and set a $83.00 price target (down previously from $91.00) on shares of United Parcel Service in a research note on Thursday, September 11th. Finally, Susquehanna decreased their price target on United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $111.44.

Insider Activity at United Parcel Service

In other news, Director Christiana Smith Shi purchased 500 shares of the company's stock in a transaction on Friday, August 22nd. The stock was purchased at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares in the company, valued at approximately $44,085. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 17,182 shares of company stock valued at $1,477,382. Company insiders own 0.13% of the company's stock.

United Parcel Service Trading Up 0.4%

Shares of NYSE:UPS traded up $0.37 during mid-day trading on Monday, reaching $84.43. The stock had a trading volume of 10,216,923 shares, compared to its average volume of 7,969,482. The firm has a market cap of $71.56 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve 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 firm has a 50 day simple moving average of $89.16 and a two-hundred day simple moving average of $97.24.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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 net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the business posted $1.79 earnings per share. The company's revenue for the quarter was down 2.7% on a year-over-year basis. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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

United Parcel Service 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.