Stanley Laman Group Ltd. Sells 2,347 Shares of United Parcel Service, Inc. $UPS

Stanley Laman Group Ltd. lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.0% in the second quarter, Holdings Channel reports. The institutional investor owned 23,682 shares of the transportation company’s stock after selling 2,347 shares during the period. Stanley Laman Group Ltd.’s holdings in United Parcel Service were worth $2,390,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in UPS. Brighton Jones LLC raised its holdings in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares during the last quarter. 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 worth $498,000 after buying 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 worth $302,000 after buying 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 worth $381,000 after buying an additional 193 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in United Parcel Service in the 1st quarter valued at $302,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 1.0%

Shares of UPS opened at $86.48 on Friday. The firm has a market cap of $73.30 billion, a P/E ratio of 12.87, a P/E/G ratio of 1.59 and a beta of 1.10. The stock has a 50 day simple moving average of $85.58 and a two-hundred day simple moving average of $93.57. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. 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 announced its quarterly earnings data 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). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the firm posted $1.79 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.6%. United Parcel Service’s dividend payout ratio is 97.62%.

Insider Activity

In related news, CEO Carol B. Tome purchased 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William R. Johnson purchased 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, with a total value of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 17,182 shares of company stock worth $1,477,382 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UPS shares. Bank of America reduced their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. Truist Financial dropped their target price on shares of United Parcel Service from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Wolfe Research lowered their price objective 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, BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective on the stock in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $109.31.

United Parcel Service Company 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.