Capital Advisors Ltd. LLC Cuts Holdings in United Parcel Service, Inc. $UPS

Capital Advisors Ltd. LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 29.3% in the second quarter, Holdings Channel reports. The institutional investor owned 769 shares of the transportation company’s stock after selling 319 shares during the period. Capital Advisors Ltd. LLC’s holdings in United Parcel Service were worth $78,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Brighton Jones LLC grew its position in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the period. Farther Finance Advisors LLC grew its position in shares of United Parcel Service by 24.8% in the first quarter. Farther Finance Advisors LLC now owns 12,527 shares of the transportation company’s stock valued at $1,369,000 after purchasing an additional 2,486 shares during the period. MV Capital Management Inc. grew its position in shares of United Parcel Service by 51.5% in the first quarter. MV Capital Management Inc. now owns 547 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 186 shares during the period. McKinley Carter Wealth Services Inc. grew its position in shares of United Parcel Service by 6.3% in the first quarter. McKinley Carter Wealth Services Inc. now owns 11,787 shares of the transportation company’s stock valued at $1,296,000 after purchasing an additional 703 shares during the period. Finally, Simon Quick Advisors LLC grew its position in shares of United Parcel Service by 11.1% in the first quarter. Simon Quick Advisors LLC now owns 4,516 shares of the transportation company’s stock valued at $497,000 after purchasing an additional 450 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $85.28 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $72.28 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.59 and a beta of 1.10. The company’s 50-day moving average is $85.77 and its two-hundred day moving average is $94.64. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business’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 firm earned $1.79 earnings per share. Analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.7%. The ex-dividend date was Monday, August 18th. United Parcel Service’s payout ratio is presently 97.62%.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director directly owned 10,160 shares of the company’s stock, valued at $878,840. This trade represents a 96.90% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was purchased at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares in the company, valued at $44,085. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 17,182 shares of company stock worth $1,477,382 in the last ninety days. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UPS shares. Oppenheimer dropped their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Susquehanna dropped their price objective on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, July 30th. BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective for the company in a research note on Thursday, July 3rd. Bank of America dropped their price objective on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus target price of $109.38.

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.