United Parcel Service, Inc. $UPS Shares Sold by Addison Capital Co

Addison Capital Co reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,470 shares of the transportation company’s stock after selling 319 shares during the quarter. Addison Capital Co’s holdings in United Parcel Service were worth $1,592,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in UPS. Vanguard Group Inc. raised its position in United Parcel Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after purchasing an additional 999,832 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of United Parcel Service by 7.7% in 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 buying an additional 1,780,807 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of 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 valued at $991,132,000 after buying an additional 4,988,044 shares during the period. Northern Trust Corp raised its holdings in shares of United Parcel Service by 0.3% in the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock valued at $815,633,000 after buying an additional 23,918 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in United Parcel Service by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock worth $519,059,000 after acquiring an additional 171,303 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.6%

Shares of NYSE:UPS opened at $83.91 on Thursday. United Parcel Service, Inc. has a fifty-two week low of $83.05 and a fifty-two week high of $145.01. The firm’s 50 day moving average price is $92.01 and its 200 day moving average price is $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 cap of $71.12 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 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 firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the firm earned $1.79 EPS. The company’s revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal 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 $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio is 97.62%.

Analyst Upgrades and Downgrades

UPS has been the subject of several research reports. Vertical Research reaffirmed a “hold” rating and issued a $103.00 target price on shares of United Parcel Service in a research report on Wednesday, July 30th. Wolfe Research lowered their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research note on Tuesday, July 1st. Susquehanna dropped their price objective on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Barclays reduced their target price 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. Finally, BNP Paribas Exane upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target for the company in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $112.59.

Insider Activity at United Parcel Service

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

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.