L. Roy Papp & Associates LLP Cuts Stock Position in United Parcel Service, Inc. $UPS

L. Roy Papp & Associates LLP lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 35.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,038 shares of the transportation company’s stock after selling 3,803 shares during the period. L. Roy Papp & Associates LLP’s holdings in United Parcel Service were worth $710,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on UPS. Deutsche Bank Aktiengesellschaft decreased their target price on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Morgan Stanley decreased their target price on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a research report on Wednesday, July 30th. Oppenheimer decreased their target price on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. Stifel Nicolaus decreased their target price on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Finally, Susquehanna decreased their target price on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $109.38.

United Parcel Service Stock Down 1.1%

UPS opened at $85.28 on Friday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The company has a fifty day moving average of $85.77 and a two-hundred day moving average of $94.64. The stock has a market capitalization of $72.28 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.59 and a beta of 1.10.

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

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.7%. United Parcel Service’s payout ratio is currently 97.62%.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Carol B. Tome bought 11,682 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 17,182 shares of company stock valued at $1,477,382 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

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.