McAdam LLC Has $533,000 Stake in United Parcel Service, Inc. $UPS

McAdam LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,842 shares of the transportation company’s stock after selling 290 shares during the period. McAdam LLC’s holdings in United Parcel Service were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Gallacher Capital Management LLC acquired a new position in United Parcel Service during the first quarter worth $620,000. Garde Capital Inc. acquired a new position in United Parcel Service during the first quarter worth $37,000. Golden State Wealth Management LLC increased its holdings in United Parcel Service by 61.3% during the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company’s stock worth $173,000 after buying an additional 599 shares during the last quarter. CWA Asset Management Group LLC increased its holdings in shares of United Parcel Service by 5.9% in the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company’s stock valued at $381,000 after purchasing an additional 193 shares during the last quarter. Finally, Advisor Resource Council acquired a new position in shares of United Parcel Service in the first quarter valued at $437,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on UPS shares. Argus decreased their price objective on shares of United Parcel Service from $150.00 to $120.00 in a report on Friday, May 23rd. Barclays decreased their price objective on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Bank of America decreased their price objective on shares of United Parcel Service from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $112.59.

United Parcel Service Trading Down 0.6%

UPS opened at $83.91 on Thursday. United Parcel Service, Inc. has a twelve month low of $83.05 and a twelve month high of $145.01. The company has a 50-day simple moving average of $92.01 and a 200 day simple moving average of $99.41. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $71.12 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 1.55 and a beta of 1.08.

United Parcel Service (NYSE:UPS) 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). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the prior year, the company earned $1.79 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. 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 given a dividend of $1.64 per share. 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 is currently 97.62%.

Insider Buying and Selling

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

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.