United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Cut by M&G Plc

M&G Plc lessened its position in United Parcel Service, Inc. (NYSE:UPS) by 42.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,690 shares of the transportation company’s stock after selling 27,856 shares during the period. M&G Plc’s holdings in United Parcel Service were worth $5,164,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Noble Family Wealth LLC increased its stake in United Parcel Service by 3.5% in the 2nd quarter. Noble Family Wealth LLC now owns 7,275 shares of the transportation company’s stock worth $996,000 after purchasing an additional 245 shares in the last quarter. Voisard Asset Management Group Inc. lifted its position in shares of United Parcel Service by 54.6% in the 2nd quarter. Voisard Asset Management Group Inc. now owns 566 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 200 shares in the last quarter. Bangor Savings Bank boosted its stake in United Parcel Service by 5.5% in the 2nd quarter. Bangor Savings Bank now owns 5,748 shares of the transportation company’s stock worth $787,000 after purchasing an additional 302 shares during the period. Martin Capital Partners LLC grew its position in United Parcel Service by 17.9% during the 2nd quarter. Martin Capital Partners LLC now owns 38,808 shares of the transportation company’s stock worth $5,311,000 after purchasing an additional 5,885 shares in the last quarter. Finally, Cooper Financial Group raised its stake in United Parcel Service by 149.7% during the 2nd quarter. Cooper Financial Group now owns 16,642 shares of the transportation company’s stock valued at $2,277,000 after purchasing an additional 9,976 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS stock traded up $1.63 during mid-day trading on Tuesday, reaching $126.49. The stock had a trading volume of 3,049,328 shares, compared to its average volume of 4,265,573. The firm has a market cap of $108.22 billion, a PE ratio of 18.22, a P/E/G ratio of 1.75 and a beta of 0.98. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $176.44. The firm’s 50 day simple moving average is $134.80 and its 200 day simple moving average is $143.11.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.54 EPS. On average, analysts forecast that United Parcel Service, Inc. will post 7.59 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s dividend payout ratio is 94.49%.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Robert W. Baird decreased their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Evercore ISI lowered their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. Barclays cut their target price on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, UBS Group dropped their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $151.00.

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.