Greenleaf Trust Cuts Stock Holdings in United Parcel Service, Inc. $UPS

Greenleaf Trust trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,427 shares of the transportation company’s stock after selling 574 shares during the quarter. Greenleaf Trust’s holdings in United Parcel Service were worth $952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Graybill Wealth Management LTD. purchased a new position in United Parcel Service during the 1st quarter worth $26,000. Citizens National Bank Trust Department grew its position in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after buying an additional 210 shares during the period. Hemington Wealth Management grew its position in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after buying an additional 115 shares during the period. Saudi Central Bank purchased a new stake in United Parcel Service during the first quarter worth about $32,000. Finally, Flaharty Asset Management LLC bought a new stake in United Parcel Service in the first quarter worth about $33,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Christiana Smith Shi purchased 500 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the transaction, the director directly owned 500 shares in the company, valued at approximately $44,085. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of the firm’s 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 completion of the transaction, 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 disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock worth $1,477,382 over the last ninety days. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. 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 report on Wednesday, July 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Bank of America lowered their price objective 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. Wall Street Zen lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Finally, Evercore ISI lowered their price objective on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $111.38.

United Parcel Service Price Performance

NYSE UPS opened at $84.35 on Thursday. The company has a market cap of $71.49 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm’s 50-day simple moving average is $86.88 and its two-hundred day simple moving average is $95.92.

United Parcel Service (NYSE:UPS) last issued 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). The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the company posted $1.79 EPS. Research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current 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. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. United Parcel Service’s dividend payout ratio is currently 97.62%.

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.