Lynch & Associates IN Decreases Position in United Parcel Service, Inc. $UPS

Lynch & Associates IN decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,809 shares of the transportation company’s stock after selling 784 shares during the period. Lynch & Associates IN’s holdings in United Parcel Service were worth $5,432,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of UPS. Goldman Sachs Group Inc. boosted its position in shares of United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after buying an additional 4,988,044 shares during the period. Pacer Advisors Inc. boosted its position in shares of United Parcel Service by 1,056.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock worth $476,936,000 after buying an additional 3,961,255 shares during the period. Nuveen LLC purchased a new stake in shares of United Parcel Service in the first quarter worth about $201,358,000. Charles Schwab Investment Management Inc. boosted its position in shares of United Parcel Service by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after buying an additional 1,780,807 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of United Parcel Service by 443.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock worth $156,453,000 after buying an additional 1,264,842 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.1%

Shares of NYSE UPS opened at $84.35 on Wednesday. The stock’s 50 day moving average price is $88.86 and its two-hundred day moving average price is $97.15. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The stock has a market capitalization of $71.50 billion, a P/E ratio of 12.55, a PEG ratio of 1.55 and a beta of 1.08. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.79 earnings per share. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is presently 97.62%.

Analysts Set New Price Targets

Several research firms recently commented on UPS. Galvan Research cut their price target on United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, June 30th. Morgan Stanley cut their price target on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 30th. UBS Group cut their price target on United Parcel Service from $124.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Wolfe Research cut their price target on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 1st. Finally, Barclays cut their price target on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $111.44.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, the director owned 10,160 shares of the company’s stock, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Carol B. Tome purchased 11,682 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by company insiders.

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.