Courier Capital LLC Has $1.67 Million Holdings in United Parcel Service, Inc. $UPS

Courier Capital LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 16,563 shares of the transportation company’s stock after selling 1,661 shares during the period. Courier Capital LLC’s holdings in United Parcel Service were worth $1,672,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Founders Capital Management LLC increased its holdings in United Parcel Service by 8.3% in the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock valued at $11,245,000 after purchasing an additional 8,579 shares during the last quarter. Gallacher Capital Management LLC acquired a new position in shares of United Parcel Service during the 1st quarter worth about $620,000. Garde Capital Inc. bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $37,000. Capital CS Group LLC raised its position in shares of United Parcel Service by 3.6% in the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock valued at $23,730,000 after acquiring an additional 8,070 shares during the period. Finally, CX Institutional boosted its stake in United Parcel Service by 39.9% during the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock worth $6,073,000 after acquiring an additional 17,152 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at United Parcel Service

In related news, Director Christiana Smith Shi acquired 500 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director directly owned 500 shares of the company’s stock, valued at approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer owned 24,718 shares of the company’s stock, valued at $2,117,591.06. The trade was a 89.61% 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 valued at $1,477,382. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $83.97 on Wednesday. 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 $71.17 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. The stock’s 50-day moving average is $85.65 and its 200-day moving average is $93.97. 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 announced its earnings results 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). 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 analyst estimates of $20.90 billion. During the same period in the prior year, the business posted $1.79 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued 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 presently 97.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $96.00 target price (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Morgan Stanley dropped their price objective on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 30th. UBS Group reduced their target price on United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Susquehanna lowered their price target on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Finally, Oppenheimer dropped their price target on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average price target of $109.31.

About United Parcel Service

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.