Capital Advisors Ltd. LLC Sells 319 Shares of United Parcel Service, Inc. $UPS

Capital Advisors Ltd. LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 29.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 769 shares of the transportation company’s stock after selling 319 shares during the period. Capital Advisors Ltd. LLC’s holdings in United Parcel Service were worth $78,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in UPS. Goldman Sachs Group Inc. grew its stake in United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after acquiring an additional 4,988,044 shares in the last quarter. Pacer Advisors Inc. grew its stake in United Parcel Service by 1,056.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock worth $476,936,000 after acquiring an additional 3,961,255 shares in the last quarter. Nuveen LLC bought a new position in shares of United Parcel Service during the first quarter valued at approximately $201,358,000. Charles Schwab Investment Management Inc. boosted its stake in shares of United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock valued at $2,754,751,000 after purchasing an additional 1,780,807 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of United Parcel Service by 443.6% during the second quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock valued at $156,453,000 after purchasing an additional 1,264,842 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christiana Smith Shi acquired 500 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director directly owned 500 shares of the company’s stock, valued at $44,085. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 17,182 shares of company stock valued at $1,477,382 over the last 90 days. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 1.1%

Shares of United Parcel Service stock opened at $85.28 on Friday. 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 firm has a fifty day moving average price of $85.77 and a 200 day moving average price of $94.64. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The stock has a market cap of $72.28 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.59 and a beta of 1.10.

United Parcel Service (NYSE:UPS) 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 return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. During the same period last year, the business earned $1.79 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on UPS. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. UBS Group dropped their price objective on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $96.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday. Wolfe Research dropped their price objective on shares of 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. Finally, Morgan Stanley dropped their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $109.38.

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.