United Parcel Service, Inc. $UPS Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,161 shares of the transportation company’s stock after selling 906 shares during the quarter. Mutual of America Capital Management LLC’s holdings in United Parcel Service were worth $8,495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CapWealth Advisors LLC grew its position in shares of United Parcel Service by 106.1% during the second quarter. CapWealth Advisors LLC now owns 197,039 shares of the transportation company’s stock worth $19,889,000 after buying an additional 101,448 shares in the last quarter. Kanawha Capital Management LLC grew its position in shares of United Parcel Service by 10.6% during the second quarter. Kanawha Capital Management LLC now owns 5,726 shares of the transportation company’s stock worth $578,000 after buying an additional 550 shares in the last quarter. Carmel Capital Partners LLC grew its position in shares of United Parcel Service by 15.1% during the second quarter. Carmel Capital Partners LLC now owns 18,802 shares of the transportation company’s stock worth $1,898,000 after buying an additional 2,469 shares in the last quarter. VELA Investment Management LLC grew its position in shares of United Parcel Service by 16.2% during the second quarter. VELA Investment Management LLC now owns 3,301 shares of the transportation company’s stock worth $333,000 after buying an additional 460 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC grew its position in shares of United Parcel Service by 4.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 404,261 shares of the transportation company’s stock worth $40,806,000 after buying an additional 18,660 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In related news, Director Christiana Smith Shi purchased 500 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares of the company’s stock, valued at $44,085. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carol B. Tome purchased 11,682 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by insiders.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $86.88 on Tuesday. 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, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The stock has a 50 day moving average of $85.59 and a two-hundred day moving average of $93.34. The stock has a market cap of $73.64 billion, a P/E ratio of 12.93, a P/E/G ratio of 1.60 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter in the prior year, the firm posted $1.79 EPS. United Parcel Service’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current 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 paid 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 payout ratio is currently 97.62%.

Analysts Set New Price Targets

A number of brokerages have recently commented on UPS. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Wells Fargo & Company decreased their target price on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 30th. Wolfe Research decreased their target price on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research note on Tuesday, July 1st. Galvan Research decreased their target price on United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, June 30th. Finally, Vertical Research restated a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average price target 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.