Hardy Reed LLC Has $288,000 Stake in United Parcel Service, Inc. $UPS

Hardy Reed LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,856 shares of the transportation company’s stock after selling 137 shares during the period. Hardy Reed LLC’s holdings in United Parcel Service were worth $288,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bangor Savings Bank boosted its holdings in shares of United Parcel Service by 1.9% in the second quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock worth $546,000 after acquiring an additional 101 shares during the period. First Dallas Securities Inc. lifted its holdings in United Parcel Service by 0.9% during the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after purchasing an additional 102 shares in the last quarter. TCV Trust & Wealth Management Inc. lifted its holdings in United Parcel Service by 1.4% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock worth $830,000 after purchasing an additional 103 shares in the last quarter. Fortis Capital Advisors LLC boosted its stake in United Parcel Service by 3.4% in the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock worth $350,000 after purchasing an additional 104 shares during the period. Finally, Wright Investors Service Inc. grew its holdings in United Parcel Service by 1.3% during the 2nd quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock valued at $793,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the subject of several recent analyst reports. Citigroup reduced their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Vertical Research restated a “hold” rating and set a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. Susquehanna lowered their price objective on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 30th. BMO Capital Markets restated a “market perform” rating and set a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Finally, Barclays lowered 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 equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $110.16.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $86.61 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The company has a fifty day moving average of $85.91 and a 200-day moving average of $94.97. The stock has a market capitalization of $73.41 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results 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). 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 during the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the prior year, the firm earned $1.79 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors 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 7.6%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 97.62%.

Insiders Place Their Bets

In other news, Director Christiana Smith Shi bought 500 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were purchased 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 of the company’s stock, valued at approximately $44,085. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were 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 $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 17,182 shares of company stock valued at $1,477,382 in the last ninety days. Company insiders own 0.13% of the company’s stock.

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.