Lakewood Asset Management LLC Sells 121 Shares of United Parcel Service, Inc. (NYSE:UPS)

Lakewood Asset Management LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 1.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 6,455 shares of the transportation company’s stock after selling 121 shares during the quarter. Lakewood Asset Management LLC’s holdings in United Parcel Service were worth $883,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Cullen Investment Group LTD. lifted its stake in United Parcel Service by 0.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after acquiring an additional 68 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its stake in United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares in the last quarter. Versant Capital Management Inc lifted its stake in United Parcel Service by 2.2% in the 1st quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after acquiring an additional 70 shares in the last quarter. Moody National Bank Trust Division raised its stake in shares of United Parcel Service by 0.8% during the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after purchasing an additional 71 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC raised its stake in shares of United Parcel Service by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after purchasing an additional 73 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE UPS traded up $1.10 during mid-day trading on Friday, reaching $129.65. The company had a trading volume of 3,255,863 shares, compared to its average volume of 4,253,306. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $172.75. The firm has a market cap of $110.92 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.78 and a beta of 0.98. The business’s 50-day simple moving average is $134.05 and its 200 day simple moving average is $142.47.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the previous year, the business posted $2.54 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, research analysts predict that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 19th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 94.49%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UPS. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and upped their price objective for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. Stifel Nicolaus dropped their price objective on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Susquehanna dropped their price objective on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Finally, UBS Group decreased their target price on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target of $151.00.

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.