United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Cut by Donald L. Hagan LLC

Donald L. Hagan LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 129,745 shares of the transportation company’s stock after selling 295 shares during the period. United Parcel Service comprises approximately 9.4% of Donald L. Hagan LLC’s investment portfolio, making the stock its 3rd largest position. Donald L. Hagan LLC’s holdings in United Parcel Service were worth $17,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. Vanguard Group Inc. increased its stake in United Parcel Service by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock worth $10,568,798,000 after purchasing an additional 178,394 shares during the period. Wellington Management Group LLP increased its stake in United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares during the period. Franklin Resources Inc. increased its stake in United Parcel Service by 11.4% during the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after purchasing an additional 980,317 shares during the period. Norges Bank purchased a new stake in United Parcel Service during the fourth quarter worth about $1,128,322,000. Finally, Clearbridge Investments LLC increased its stake in United Parcel Service by 6.5% during the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after purchasing an additional 406,248 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

UPS stock traded up $1.10 on Friday, reaching $129.65. 3,255,863 shares of the company’s stock were exchanged, compared to its average volume of 4,253,306. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $172.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a fifty day moving average of $134.05 and a 200-day moving average of $142.46. The firm has a market cap of $110.92 billion, a PE ratio of 18.79, a P/E/G ratio of 1.78 and a beta of 0.98.

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). 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 for the quarter, compared to analyst estimates of $22.17 billion. During the same period last year, the company earned $2.54 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Evercore ISI lowered their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Barclays lowered their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Oppenheimer lowered their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, Susquehanna lowered their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. One 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.00.

Insider Activity

In other news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares in the company, valued at $663,627.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

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.