Mutual of America Capital Management LLC Cuts Stock Position in United Parcel Service, Inc. $UPS

Mutual of America Capital Management LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 84,161 shares of the transportation company’s stock after selling 906 shares during the quarter. Mutual of America Capital Management LLC’s holdings in United Parcel Service were worth $8,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. CapWealth Advisors LLC raised its stake in shares of United Parcel Service by 106.1% during the second quarter. CapWealth Advisors LLC now owns 197,039 shares of the transportation company’s stock worth $19,889,000 after purchasing an additional 101,448 shares during the last quarter. Kanawha Capital Management LLC grew its holdings in United Parcel Service by 10.6% during the second quarter. Kanawha Capital Management LLC now owns 5,726 shares of the transportation company’s stock worth $578,000 after acquiring an additional 550 shares during the period. Carmel Capital Partners LLC grew its holdings in United Parcel Service by 15.1% during the second quarter. Carmel Capital Partners LLC now owns 18,802 shares of the transportation company’s stock worth $1,898,000 after acquiring an additional 2,469 shares during the period. VELA Investment Management LLC grew its holdings in United Parcel Service by 16.2% during the second quarter. VELA Investment Management LLC now owns 3,301 shares of the transportation company’s stock worth $333,000 after acquiring an additional 460 shares during the period. Finally, Chevy Chase Trust Holdings LLC grew its holdings in United Parcel Service by 4.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 404,261 shares of the transportation company’s stock worth $40,806,000 after acquiring an additional 18,660 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.5%

United Parcel Service stock opened at $86.88 on Tuesday. 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 firm has a market capitalization of $73.64 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The stock’s fifty day moving average is $85.59 and its two-hundred day moving average is $93.34.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm 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 firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the company posted $1.79 EPS. Analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business 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 of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. United Parcel Service’s dividend payout ratio (DPR) is presently 97.62%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Stifel Nicolaus dropped their price objective on United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. 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 report on Wednesday, July 30th. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Wolfe Research dropped their price objective on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, July 1st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and an average target price of $109.31.

Insider Activity at United Parcel Service

In related news, CEO Carol B. Tome acquired 11,682 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christiana Smith Shi acquired 500 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director 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 disclosure for this purchase can be found here. Insiders have purchased a total of 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 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.