Kanawha Capital Management LLC Purchases 550 Shares of United Parcel Service, Inc. $UPS

Kanawha Capital Management LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 10.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,726 shares of the transportation company’s stock after purchasing an additional 550 shares during the period. Kanawha Capital Management LLC’s holdings in United Parcel Service were worth $578,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the period. Ritholtz Wealth Management grew its position in shares of United Parcel Service by 95.1% during the 1st quarter. Ritholtz Wealth Management now owns 4,531 shares of the transportation company’s stock valued at $498,000 after acquiring an additional 2,209 shares during the period. Clarius Group LLC grew its position in shares of United Parcel Service by 6.4% during the 1st quarter. Clarius Group LLC now owns 2,748 shares of the transportation company’s stock valued at $302,000 after acquiring an additional 165 shares during the period. CWA Asset Management Group LLC grew its position in shares of United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company’s stock valued at $381,000 after acquiring an additional 193 shares during the period. Finally, ORG Wealth Partners LLC bought a new position in shares of United Parcel Service during the 1st quarter valued at approximately $302,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 1.0%

United Parcel Service stock opened at $86.48 on Friday. The stock has a market cap of $73.30 billion, a PE ratio of 12.87, a P/E/G ratio of 1.59 and a beta of 1.10. The stock has a 50-day moving average price of $85.58 and a 200 day moving average price of $93.57. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 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 company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.79 EPS. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors 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 yield of 7.6%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

Insider Buying and Selling

In related news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, the director owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christiana Smith Shi acquired 500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on UPS shares. Susquehanna reduced their target price on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, July 30th. BMO Capital Markets reissued a “market perform” rating and set a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $96.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Citigroup cut their price objective on shares of United Parcel Service from $114.00 to $112.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Morgan Stanley cut their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently 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.