Bridges Investment Management Inc. Sells 500 Shares of United Parcel Service, Inc. $UPS

Bridges Investment Management Inc. trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 18.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,270 shares of the transportation company’s stock after selling 500 shares during the quarter. Bridges Investment Management Inc.’s holdings in United Parcel Service were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service during the first quarter worth about $26,000. Citizens National Bank Trust Department raised its position in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares during the last quarter. Hemington Wealth Management raised its position in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. Saudi Central Bank purchased a new stake in United Parcel Service in the 1st quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In related news, Director Christiana Smith Shi purchased 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares of the company’s stock, valued at $44,085. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 17,182 shares of company stock valued at $1,477,382. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 1.0%

NYSE:UPS opened at $86.48 on Friday. The firm has a market capitalization of $73.30 billion, a P/E ratio of 12.87, a PEG ratio of 1.59 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The company’s 50-day simple moving average is $85.58 and its 200 day simple moving average is $93.57.

United Parcel Service (NYSE:UPS) last released its 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). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter in the previous year, the business posted $1.79 earnings per share. United Parcel Service’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal 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 $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio is currently 97.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on UPS shares. Deutsche Bank Aktiengesellschaft decreased their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. Bank of America cut their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. Oppenheimer decreased their price target on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Finally, Vertical Research reiterated a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $109.31.

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.