Chesapeake Wealth Management Lowers Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Chesapeake Wealth Management cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 68.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,382 shares of the transportation company’s stock after selling 5,123 shares during the quarter. Chesapeake Wealth Management’s holdings in United Parcel Service were worth $326,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Wellington Management Group LLP increased its holdings in United Parcel Service by 87.6% in the 4th 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 in the last quarter. First Trust Advisors LP increased its stake in shares of United Parcel Service by 208.1% during the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after purchasing an additional 1,160,005 shares in the last quarter. Spirepoint Private Client LLC acquired a new position in shares of United Parcel Service during the 1st quarter worth about $160,787,000. Confluence Investment Management LLC purchased a new position in United Parcel Service in the 1st quarter valued at about $100,176,000. Finally, Interval Partners LP purchased a new position in United Parcel Service in the 1st quarter valued at about $90,099,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPS has been the subject of a number of research analyst reports. 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 report on Wednesday, July 24th. JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Bank of America dropped their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Evercore ISI dropped their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.68.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was 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 owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Trading Down 2.6 %

NYSE UPS opened at $128.63 on Friday. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The stock has a market capitalization of $110.18 billion, a P/E ratio of 18.64, a PEG ratio of 1.90 and a beta of 0.99. The firm’s 50-day moving average is $130.18 and its two-hundred day moving average is $139.35. 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 (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 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 company had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the prior year, the company posted $2.54 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

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.