Kayne Anderson Rudnick Investment Management LLC Sells 19,871 Shares of United Parcel Service, Inc. (NYSE:UPS)

Kayne Anderson Rudnick Investment Management LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 27.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,682 shares of the transportation company’s stock after selling 19,871 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in United Parcel Service were worth $7,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Pineridge Advisors LLC acquired a new stake in shares of United Parcel Service in the 4th quarter worth $31,000. Security National Bank acquired a new stake in United Parcel Service in the fourth quarter worth about $31,000. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service during the second quarter worth about $28,000. Stephens Consulting LLC increased its stake in shares of United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after acquiring an additional 200 shares during the period. Finally, Riverview Trust Co purchased a new position in shares of United Parcel Service during the second quarter worth $32,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated 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 acquisition, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Performance

NYSE UPS opened at $128.60 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a market cap of $110.02 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. The stock’s 50 day simple moving average is $130.18 and its 200-day simple moving average is $139.18.

United Parcel Service (NYSE:UPS) last announced its 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). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period last year, the firm earned $2.54 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid 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 yield of 5.07%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Analyst Upgrades and Downgrades

Several research firms have commented on UPS. JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Susquehanna dropped their target price on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. BMO Capital Markets reduced their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Evercore ISI lowered their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. Finally, Stephens cut their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.68.

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.