United Parcel Service, Inc. $UPS Shares Sold by Lincoln Capital LLC
by Scott Moore · The Cerbat GemLincoln Capital LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,113 shares of the transportation company’s stock after selling 337 shares during the period. Lincoln Capital LLC’s holdings in United Parcel Service were worth $672,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of UPS. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service during the 4th quarter valued at $28,000. Graybill Wealth Management LTD. purchased a new position in United Parcel Service during the first quarter worth $26,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of United Parcel Service in the fourth quarter worth $31,000. Finally, Citizens National Bank Trust Department raised its holdings in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after acquiring an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on UPS shares. Oppenheimer dropped their price objective on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. Susquehanna lowered their price target on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. BNP Paribas raised shares of United Parcel Service to a “hold” rating in a research note on Thursday, July 3rd. Wolfe Research decreased their target price on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. cut their price target on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $112.81.
Read Our Latest Research Report on United Parcel Service
Insider Transactions at United Parcel Service
In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. The trade was a 96.90% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Carol B. Tome bought 11,682 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.13% of the stock is owned by corporate insiders.
United Parcel Service Stock Down 0.0%
Shares of United Parcel Service stock opened at $88.52 on Monday. The business has a 50-day moving average price of $97.24 and a 200 day moving average price of $102.73. United Parcel Service, Inc. has a fifty-two week low of $84.28 and a fifty-two week high of $145.01. The firm has a market cap of $75.03 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.62 and a beta of 1.12. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.
United Parcel Service (NYSE:UPS – Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter last year, the firm posted $1.79 earnings per share. United Parcel Service’s revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.
United Parcel Service Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service’s dividend payout ratio is currently 97.62%.
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.
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