Addison Capital Co Reduces Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Addison Capital Co lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,869 shares of the transportation company’s stock after selling 172 shares during the period. Addison Capital Co’s holdings in United Parcel Service were worth $2,027,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service during the second quarter valued at approximately $28,000. Stephens Consulting LLC increased its position in United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Riverview Trust Co bought a new position in United Parcel Service in the 2nd quarter worth $32,000. Centerpoint Advisors LLC lifted its position in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares during the period. Finally, Financial Synergies Wealth Advisors Inc. boosted its stake in shares of United Parcel Service by 1,933.3% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 244 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 232 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.3 %

Shares of UPS stock opened at $135.44 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The stock has a market capitalization of $116.02 billion, a P/E ratio of 22.09, a P/E/G ratio of 1.98 and a beta of 0.99. The firm’s 50 day moving average is $130.01 and its 200 day moving average is $136.74.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.54 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.81%. United Parcel Service’s dividend payout ratio is presently 106.36%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UPS. JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Barclays lowered their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Oppenheimer decreased their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. The Goldman Sachs Group lowered their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, UBS Group reduced their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $151.24.

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.