Steel Grove Capital Advisors LLC Has $1.46 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Steel Grove Capital Advisors LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,663 shares of the transportation company’s stock after selling 785 shares during the period. Steel Grove Capital Advisors LLC’s holdings in United Parcel Service were worth $1,459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UPS. Gilbert & Cook Inc. increased its holdings in shares of United Parcel Service by 0.7% in the fourth quarter. Gilbert & Cook Inc. now owns 74,000 shares of the transportation company’s stock valued at $11,635,000 after purchasing an additional 540 shares in the last quarter. Aveo Capital Partners LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $218,000. Gryphon Financial Partners LLC increased its holdings in shares of United Parcel Service by 128.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,028 shares of the transportation company’s stock valued at $493,000 after purchasing an additional 1,701 shares in the last quarter. Glassman Wealth Services increased its holdings in shares of United Parcel Service by 11.4% in the fourth quarter. Glassman Wealth Services now owns 1,180 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 121 shares in the last quarter. Finally, Cape Investment Advisory Inc. increased its holdings in shares of United Parcel Service by 17.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 3,669 shares of the transportation company’s stock valued at $577,000 after purchasing an additional 544 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Evercore ISI lowered their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. TD Cowen began coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price for the company. Stephens lowered 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. Oppenheimer reduced their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, Susquehanna reduced their price target on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.68.

United Parcel Service Stock Down 2.7 %

Shares of UPS stock opened at $128.60 on Monday. 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 1 year low of $123.12 and a 1 year high of $163.82. The firm’s fifty day moving average price is $130.18 and its two-hundred day moving average price is $139.18. The firm has a market capitalization of $110.02 billion, a P/E ratio of 18.64, a PEG ratio of 1.90 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data 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). The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.54 earnings per share. On average, equities analysts predict 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. Stockholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.07%. United Parcel Service’s dividend payout ratio is presently 94.49%.

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.