United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Vision Capital Management Inc.

Vision Capital Management Inc. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,252 shares of the transportation company’s stock after selling 574 shares during the quarter. Vision Capital Management Inc.’s holdings in United Parcel Service were worth $4,003,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Andra AP fonden lifted its holdings in shares of United Parcel Service by 11.1% in the 2nd quarter. Andra AP fonden now owns 122,183 shares of the transportation company’s stock worth $16,721,000 after purchasing an additional 12,200 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in United Parcel Service by 1.9% in the second quarter. Royal London Asset Management Ltd. now owns 295,160 shares of the transportation company’s stock valued at $40,393,000 after buying an additional 5,544 shares during the last quarter. Lane & Associates LLC boosted its holdings in shares of United Parcel Service by 5.5% during the second quarter. Lane & Associates LLC now owns 2,222 shares of the transportation company’s stock valued at $304,000 after acquiring an additional 116 shares during the period. Longfellow Investment Management Co. LLC grew its position in shares of United Parcel Service by 13.4% during the second quarter. Longfellow Investment Management Co. LLC now owns 8,956 shares of the transportation company’s stock worth $1,226,000 after acquiring an additional 1,056 shares during the last quarter. Finally, Liberty Wealth Management LLC increased its holdings in shares of United Parcel Service by 22.9% in the 2nd quarter. Liberty Wealth Management LLC now owns 4,344 shares of the transportation company’s stock worth $594,000 after acquiring an additional 810 shares during the period. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on UPS. Wells Fargo & Company decreased their target price on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Oppenheimer decreased their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Bank of America cut their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Evercore ISI reduced their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. Finally, BMO Capital Markets lowered their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.20.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $128.88 on Tuesday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The stock has a market capitalization of $110.40 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.88 and a beta of 0.99. 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’s fifty day simple moving average is $131.45 and its 200 day simple moving average is $140.43.

United Parcel Service (NYSE:UPS) last issued its quarterly 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 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 analysts’ expectations of $22.17 billion. During the same period in the prior year, the business posted $2.54 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.06%. United Parcel Service’s dividend payout ratio (DPR) is presently 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.