Flavin Financial Services Inc. Trims Stock Holdings in United Parcel Service, Inc. $UPS

Flavin Financial Services Inc. trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.4% in the second quarter, Holdings Channel reports. The institutional investor owned 12,150 shares of the transportation company’s stock after selling 558 shares during the quarter. Flavin Financial Services Inc.’s holdings in United Parcel Service were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in UPS. 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 purchasing an additional 4,723 shares in the last quarter. 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 purchasing an additional 193 shares in the last quarter. Advisor Resource Council purchased a new position in shares of United Parcel Service during the 1st quarter valued at $437,000. Jamison Private Wealth Management Inc. grew its position in United Parcel Service by 1.8% in the first quarter. Jamison Private Wealth Management Inc. now owns 183,668 shares of the transportation company’s stock worth $20,202,000 after acquiring an additional 3,174 shares in the last quarter. Finally, Advocate Group LLC grew its position in United Parcel Service by 8.2% in the first quarter. Advocate Group LLC now owns 80,703 shares of the transportation company’s stock worth $8,876,000 after acquiring an additional 6,103 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wolfe Research cut their target price on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, July 1st. 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Citigroup cut their target price on shares of United Parcel Service from $114.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Bank of America cut their target price 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. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $109.31.

United Parcel Service Stock Performance

United Parcel Service stock opened at $86.48 on Friday. 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 company has a market capitalization of $73.30 billion, a PE ratio of 12.87, a P/E/G ratio of 1.60 and a beta of 1.10. The firm has a fifty day simple moving average of $85.58 and a two-hundred day simple moving average of $93.46. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01.

United Parcel Service (NYSE:UPS) last posted its quarterly 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 business had revenue of $21.20 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $1.79 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio is 97.62%.

About United Parcel Service

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.