Hollencrest Capital Management Cuts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Hollencrest Capital Management lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 370,397 shares of the transportation company’s stock after selling 314 shares during the period. United Parcel Service makes up 2.2% of Hollencrest Capital Management’s portfolio, making the stock its 11th biggest position. Hollencrest Capital Management’s holdings in United Parcel Service were worth $50,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service in the 2nd quarter valued at $28,000. Security National Bank purchased a new position in United Parcel Service in the fourth quarter valued at about $31,000. Pineridge Advisors LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth about $31,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service in the second quarter worth about $32,000. Finally, Centerpoint Advisors LLC grew its stake in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $132.11 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm’s 50-day moving average price is $130.45 and its two-hundred day moving average price is $139.50. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The stock has a market capitalization of $113.16 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.90 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company had revenue of $21.82 billion during 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%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the business posted $2.54 EPS. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.94%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analyst Ratings Changes

A number of research firms have recently issued reports on UPS. Susquehanna dropped their price objective on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Bank of America decreased their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Barclays dropped their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, UBS Group reduced their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company 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 assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.68.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

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.