Vicus Capital Decreases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Vicus Capital trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 29.4% during the second quarter, HoldingsChannel reports. The firm owned 2,189 shares of the transportation company’s stock after selling 913 shares during the period. Vicus Capital’s holdings in United Parcel Service were worth $300,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of UPS. Cullen Investment Group LTD. increased its holdings in shares of United Parcel Service by 0.7% during the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after buying an additional 68 shares during the last quarter. Blackston Financial Advisory Group LLC increased its holdings in shares of United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after buying an additional 69 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of United Parcel Service by 2.2% during the 1st quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock worth $477,000 after buying an additional 70 shares during the last quarter. Moody National Bank Trust Division increased its holdings in shares of United Parcel Service by 0.8% during the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after buying an additional 71 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC increased its holdings in shares of United Parcel Service by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after buying an additional 73 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent analyst reports. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Robert W. Baird dropped their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Bank of America dropped their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their target price for the company from $150.00 to $170.00 in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.20.

United Parcel Service Stock Down 0.8 %

Shares of United Parcel Service stock traded down $1.05 during trading on Thursday, hitting $126.85. 1,673,425 shares of the stock were exchanged, compared to its average volume of 4,222,806. The stock has a market cap of $108.66 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.82 and a beta of 0.98. The firm’s 50-day moving average price is $133.54 and its 200 day moving average price is $142.17. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $172.75. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $2.54 earnings per share. As a group, analysts forecast that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.14%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

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.