Riverview Capital Advisers LLC Has $5.31 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Riverview Capital Advisers LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,786 shares of the transportation company’s stock after selling 869 shares during the quarter. United Parcel Service makes up approximately 1.8% of Riverview Capital Advisers LLC’s portfolio, making the stock its 15th largest position. Riverview Capital Advisers LLC’s holdings in United Parcel Service were worth $5,308,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UPS. TruNorth Capital Management LLC bought a new stake in United Parcel Service in the second quarter worth $28,000. Security National Bank bought a new stake in United Parcel Service in the 4th quarter valued at $31,000. Pineridge Advisors LLC acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $31,000. Riverview Trust Co bought a new position in United Parcel Service during the 2nd quarter valued at about $32,000. Finally, Centerpoint Advisors LLC boosted its stake in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of a number of research reports. BMO Capital Markets cut their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Susquehanna reduced their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Oppenheimer decreased their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Bank of America dropped their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Finally, Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.68.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Up 0.0 %

United Parcel Service stock opened at $130.69 on Thursday. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The stock has a market cap of $111.94 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.90 and a beta of 0.99. The company’s 50-day moving average price is $130.58 and its two-hundred day moving average price is $139.55. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the business posted $2.54 EPS. As a group, analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.99%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

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.