IMS Capital Management Sells 106 Shares of United Parcel Service, Inc. (NYSE:UPS)

IMS Capital Management lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 4.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,340 shares of the transportation company’s stock after selling 106 shares during the quarter. IMS Capital Management’s holdings in United Parcel Service were worth $302,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Pineridge Advisors LLC acquired a new position in United Parcel Service during the 4th quarter valued at about $31,000. Security National Bank acquired a new position in shares of United Parcel Service during the 4th quarter worth about $31,000. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $28,000. Stephens Consulting LLC grew its holdings in United Parcel Service by 869.6% during the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares during the period. Finally, Riverview Trust Co acquired a new position in shares of United Parcel Service during the 2nd quarter worth approximately $32,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

UPS stock opened at $136.30 on Tuesday. The firm has a market capitalization of $116.61 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The firm has a 50 day moving average of $128.57 and a 200-day moving average of $138.24. 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 (NYSE:UPS) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the firm earned $2.54 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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. This represents a $6.52 annualized dividend and a yield of 4.78%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is currently 94.49%.

Insider Buying and Selling

In other news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Robert W. Baird decreased their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. TD Cowen began coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price on the stock. Oppenheimer dropped their price objective on shares of 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 reduced their price target on 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, Barclays decreased their price target on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.68.

About United Parcel Service

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.