Lecap Asset Management Ltd. Has $651,000 Holdings in United Parcel Service, Inc. $UPS

Lecap Asset Management Ltd. trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 66.5% in the second quarter, HoldingsChannel.com reports. The firm owned 6,450 shares of the transportation company’s stock after selling 12,786 shares during the period. Lecap Asset Management Ltd.’s holdings in United Parcel Service were worth $651,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Bangor Savings Bank raised its position in shares of United Parcel Service by 1.9% during the second quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock worth $546,000 after acquiring an additional 101 shares during the last quarter. First Dallas Securities Inc. raised its holdings in United Parcel Service by 0.9% during the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after purchasing an additional 102 shares during the last quarter. TCV Trust & Wealth Management Inc. lifted its position in shares of United Parcel Service by 1.4% in the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock worth $830,000 after purchasing an additional 103 shares during the period. Fortis Capital Advisors LLC boosted its stake in shares of United Parcel Service by 3.4% in the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after purchasing an additional 104 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its stake in shares of United Parcel Service by 1.3% in the 2nd quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock valued at $793,000 after purchasing an additional 104 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, July 8th. BMO Capital Markets reissued a “market perform” rating and issued a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Truist Financial decreased their target price on United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Vertical Research restated a “hold” rating and set a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. Finally, Wolfe Research reduced their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $110.41.

Insider Buying and Selling

In related news, Director Christiana Smith Shi acquired 500 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director owned 500 shares of the company’s stock, valued at approximately $44,085. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Carol B. Tome acquired 11,682 shares of the stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 17,182 shares of company stock worth $1,477,382 in the last quarter. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 1.5%

NYSE UPS opened at $85.65 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The business has a 50 day moving average price of $86.54 and a 200-day moving average price of $95.70. The company has a market cap of $72.60 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 6.34% and a return on equity of 39.61%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.79 EPS. As a group, equities analysts expect 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 announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.7%. United Parcel Service’s payout ratio is presently 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.