Van Hulzen Asset Management LLC Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

Van Hulzen Asset Management LLC lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,345 shares of the transportation company’s stock after selling 150 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in United Parcel Service were worth $1,279,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of United Parcel Service by 11.7% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,844 shares of the transportation company’s stock valued at $389,000 after acquiring an additional 299 shares during the period. Daiwa Securities Group Inc. boosted its position in United Parcel Service by 7.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 81,364 shares of the transportation company’s stock worth $11,135,000 after purchasing an additional 5,788 shares during the period. Andra AP fonden raised its position in United Parcel Service by 11.1% in the second quarter. Andra AP fonden now owns 122,183 shares of the transportation company’s stock valued at $16,721,000 after purchasing an additional 12,200 shares during the period. Royal London Asset Management Ltd. lifted its stake in shares of United Parcel Service by 1.9% during the second quarter. Royal London Asset Management Ltd. now owns 295,160 shares of the transportation company’s stock worth $40,393,000 after purchasing an additional 5,544 shares in the last quarter. Finally, Lane & Associates LLC boosted its position in shares of United Parcel Service by 5.5% in the second quarter. Lane & Associates LLC now owns 2,222 shares of the transportation company’s stock worth $304,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.7 %

Shares of NYSE:UPS opened at $129.83 on Wednesday. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company’s fifty day moving average is $131.34 and its two-hundred day moving average is $140.29. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $111.21 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.88 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to analyst estimates 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 was down 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.54 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 5.02%. United Parcel Service’s payout ratio is currently 94.49%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UPS. Bank of America dropped their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Wells Fargo & Company decreased their target price on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. BMO Capital Markets cut their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Finally, Barclays decreased their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus price target of $151.20.

Insiders Place Their Bets

In other news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by corporate 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.