Lakewood Asset Management LLC Has $848,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Lakewood Asset Management LLC cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,219 shares of the transportation company’s stock after selling 236 shares during the period. Lakewood Asset Management LLC’s holdings in United Parcel Service were worth $848,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of UPS. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the second quarter valued at approximately $28,000. Security National Bank bought a new position in shares of United Parcel Service in the fourth quarter valued at about $31,000. Pineridge Advisors LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $31,000. Riverview Trust Co bought a new stake in shares of United Parcel Service during the 2nd quarter worth about $32,000. Finally, Centerpoint Advisors LLC raised its holdings in United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 175 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 0.0 %

Shares of NYSE UPS traded down $0.05 during trading on Monday, reaching $131.20. The company had a trading volume of 1,954,838 shares, compared to its average volume of 4,244,491. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. 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 stock has a market cap of $112.25 billion, a P/E ratio of 18.96, a PEG ratio of 1.96 and a beta of 0.99. The company’s fifty day moving average price is $128.89 and its 200-day moving average price is $137.64.

United Parcel Service (NYSE:UPS) last released 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). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the company posted $2.54 EPS. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, research analysts expect 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. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.97%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UPS. UBS Group lowered their target price on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. TD Cowen began coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. Barclays dropped their price objective on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus reduced their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Oppenheimer cut 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 report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $149.68.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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.