Pavion Blue Capital LLC Sells 119 Shares of United Parcel Service, Inc. $UPS

Pavion Blue Capital LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,884 shares of the transportation company’s stock after selling 119 shares during the quarter. United Parcel Service makes up approximately 1.1% of Pavion Blue Capital LLC’s portfolio, making the stock its 28th largest holding. Pavion Blue Capital LLC’s holdings in United Parcel Service were worth $2,411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of United Parcel Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after purchasing an additional 999,832 shares during the period. Charles Schwab Investment Management Inc. raised 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 valued at $2,754,751,000 after purchasing an additional 1,780,807 shares during the period. Goldman Sachs Group Inc. raised 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 valued at $991,132,000 after purchasing an additional 4,988,044 shares during the period. Northern Trust Corp raised its position in shares of United Parcel Service by 0.3% in the first quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock valued at $815,633,000 after purchasing an additional 23,918 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of United Parcel Service by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock valued at $519,059,000 after purchasing an additional 171,303 shares during the period. Institutional investors own 60.26% of the company’s stock.

Insider Activity

In other news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The shares were bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The stock was purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Trading Up 2.2%

Shares of UPS stock opened at $89.12 on Tuesday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $138.67. The stock has a market cap of $75.53 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 1.62 and a beta of 1.10. 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 fifty day moving average of $85.58 and a 200-day moving average of $93.06.

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

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.4%. United Parcel Service’s dividend payout ratio is currently 97.62%.

Analysts Set New Price Targets

A number of research firms have recently commented on UPS. Bank of America dropped their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Susquehanna lowered their price objective on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. Barclays lowered their price objective on shares of 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. Finally, Oppenheimer lowered their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $109.31.

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.