United Parcel Service, Inc. (NYSE:UPS) is Oakview Capital Management L.P.’s 3rd Largest Position

Oakview Capital Management L.P. lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 57.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,725 shares of the transportation company’s stock after selling 27,684 shares during the period. United Parcel Service makes up about 8.9% of Oakview Capital Management L.P.’s portfolio, making the stock its 3rd largest position. Oakview Capital Management L.P.’s holdings in United Parcel Service were worth $2,836,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after acquiring an additional 8,475,698 shares during the last quarter. Marshall Wace LLP grew its position in United Parcel Service by 284.8% during the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after purchasing an additional 1,901,914 shares during the last quarter. First Trust Advisors LP increased its stake in United Parcel Service by 208.1% during the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after purchasing an additional 1,160,005 shares in the last quarter. Spirepoint Private Client LLC purchased a new position in shares of United Parcel Service in the first quarter worth $160,787,000. Finally, Confluence Investment Management LLC acquired a new stake in shares of United Parcel Service during the first quarter worth $100,176,000. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Robert W. Baird reduced their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Stephens reduced their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Evercore ISI dropped their target price 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. Bank of America cut their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.68.

United Parcel Service Stock Performance

NYSE UPS opened at $134.25 on Friday. The stock has a market capitalization of $115.00 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.91 and a beta of 0.99. The stock has a 50-day moving average of $128.75 and a 200 day moving average of $138.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82.

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 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 in the previous year, the company earned $2.54 earnings per share. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders 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 4.86%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Insider Buying and Selling

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 company insiders.

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.