JLB & Associates Inc. Lowers Stock Position in United Parcel Service, Inc. $UPS

JLB & Associates Inc. reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 37.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,195 shares of the transportation company’s stock after selling 4,816 shares during the quarter. JLB & Associates Inc.’s holdings in United Parcel Service were worth $827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in UPS. Brighton Jones LLC increased its position in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 4,723 shares in the last quarter. GAMMA Investing LLC grew its stake in United Parcel Service by 10,980.3% during the first quarter. GAMMA Investing LLC now owns 719,555 shares of the transportation company’s stock worth $79,144,000 after buying an additional 713,061 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in United Parcel Service by 12.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 15,549 shares of the transportation company’s stock worth $1,710,000 after buying an additional 1,782 shares during the period. Legacy Wealth Asset Management LLC increased its position in shares of United Parcel Service by 5.6% in the first quarter. Legacy Wealth Asset Management LLC now owns 3,785 shares of the transportation company’s stock worth $416,000 after acquiring an additional 200 shares in the last quarter. Finally, Czech National Bank raised its stake in shares of United Parcel Service by 5.9% in the 1st quarter. Czech National Bank now owns 167,984 shares of the transportation company’s stock valued at $18,477,000 after acquiring an additional 9,408 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $84.46 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The company has a market capitalization 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. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The business has a 50 day simple moving average of $87.61 and a 200-day simple moving average of $96.09.

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

United Parcel Service Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on UPS shares. Vertical Research reaffirmed a “hold” rating and set a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. Galvan Research reduced their price objective on United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, June 30th. Wells Fargo & Company decreased their target price on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 30th. Bank of America lowered their target price on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research note on Friday. Finally, Wall Street Zen cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $111.38.

Insiders Place Their Bets

In related news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares in the company, valued at approximately $878,840. The trade was a 96.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christiana Smith Shi purchased 500 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the transaction, the director directly owned 500 shares in the company, valued at approximately $44,085. This trade 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. Insiders own 0.13% of the company’s stock.

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.