Fort Washington Investment Advisors Inc. OH Has $847,000 Holdings in United Parcel Service, Inc. $UPS

Fort Washington Investment Advisors Inc. OH lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 32.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,392 shares of the transportation company’s stock after selling 4,028 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in United Parcel Service were worth $847,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of UPS. Stockman Wealth Management Inc. boosted its stake in United Parcel Service by 14.1% in the second quarter. Stockman Wealth Management Inc. now owns 112,956 shares of the transportation company’s stock valued at $11,402,000 after acquiring an additional 13,951 shares during the last quarter. Uncommon Cents Investing LLC acquired a new position in shares of United Parcel Service in the 2nd quarter valued at $280,000. LVW Advisors LLC boosted its position in shares of United Parcel Service by 34.2% in the 2nd quarter. LVW Advisors LLC now owns 4,578 shares of the transportation company’s stock worth $462,000 after purchasing an additional 1,167 shares during the last quarter. Spirepoint Private Client LLC grew its stake in shares of United Parcel Service by 1.0% during the second quarter. Spirepoint Private Client LLC now owns 1,093,830 shares of the transportation company’s stock worth $110,411,000 after purchasing an additional 10,752 shares during the period. Finally, Diversified Enterprises LLC increased its holdings in United Parcel Service by 25.4% in the second quarter. Diversified Enterprises LLC now owns 2,467 shares of the transportation company’s stock valued at $249,000 after purchasing an additional 499 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christiana Smith Shi purchased 500 shares of the stock in a transaction on Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

UPS has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their target price on United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Susquehanna reduced their price objective on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. Vertical Research restated a “hold” rating and set a $103.00 price objective on shares of United Parcel Service in a report on Wednesday, July 30th. Citigroup cut their target price on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and an average target price of $111.38.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $84.46 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $71.59 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08. The stock’s 50-day moving average is $87.61 and its 200-day moving average is $96.09. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.79 earnings per share. Equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is currently 97.62%.

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.