Galvin Gaustad & Stein LLC Reduces Position in United Parcel Service, Inc. $UPS

Galvin Gaustad & Stein LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 7,080 shares of the transportation company’s stock after selling 175 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in United Parcel Service were worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service during the 1st quarter worth $26,000. Citizens National Bank Trust Department lifted its stake in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after buying an additional 210 shares in the last quarter. Hemington Wealth Management lifted its stake in shares of United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after buying an additional 115 shares in the last quarter. Saudi Central Bank purchased a new position in shares of United Parcel Service during the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of United Parcel Service during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The shares were purchased at an average cost 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 represents a 96.90% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,182 shares of company stock worth $1,477,382 in the last three months. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $85.28 on Friday. 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 company has a market cap of $72.28 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.59 and a beta of 1.10. The firm’s fifty day moving average is $85.77 and its two-hundred day moving average is $94.64. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.79 earnings per share. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UPS shares. Deutsche Bank Aktiengesellschaft lowered their target price 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. Oppenheimer lowered their target price on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. UBS Group lowered their target price 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. lowered their target price 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. Finally, BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a research note on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $109.38.

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.