Parkside Financial Bank & Trust Reduces United Parcel Service, Inc. Stake (NYSE:UPS)

Parkside Financial Bank & Trust reduced its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 18.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,080 shares of the transportation company’s stock after selling 688 shares during the quarter. Parkside Financial Bank & Trust’s holdings in United Parcel Service were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have added to or reduced their stakes in UPS. Arizona State Retirement System boosted its stake in shares of United Parcel Service by 1.7% in the second quarter. Arizona State Retirement System now owns 211,005 shares of the transportation company’s stock valued at $28,876,000 after purchasing an additional 3,454 shares during the last quarter. Victory Capital Management Inc. grew its position in United Parcel Service by 1.3% in the second quarter. Victory Capital Management Inc. now owns 704,133 shares of the transportation company’s stock valued at $96,361,000 after buying an additional 9,379 shares in the last quarter. Columbia Asset Management grew its position in United Parcel Service by 29.2% in the second quarter. Columbia Asset Management now owns 39,655 shares of the transportation company’s stock valued at $5,427,000 after purchasing an additional 8,960 shares during the last quarter. CapWealth Advisors LLC boosted its stake in shares of United Parcel Service by 0.8% in the second quarter. CapWealth Advisors LLC now owns 73,231 shares of the transportation company’s stock valued at $10,022,000 after buying an additional 570 shares during the period. Finally, Hamel Associates Inc. raised its holdings in shares of United Parcel Service by 1.4% in the second quarter. Hamel Associates Inc. now owns 57,740 shares of the transportation company’s stock worth $7,902,000 after purchasing an additional 776 shares in the last quarter. 60.26% of shares are owned by institutional investors.

United Parcel Service inventory performance

Shares of UPS stock opened at $127.56 on Friday. The stock’s 50-day simple moving average is $131.59, and its 200-day simple moving average is $140.68. 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 12-month low of $123.12 and a 12-month high of $163.82. The stock has a market cap of $109.27 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99.

United Parcel Service (NYSE:UPS – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) 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 company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. In the same period last year, the company earned $2.54 per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a dividend of $6.52 on an annualized basis and a dividend yield of 5.11%. The ex-dividend date was Monday, August 19. United Parcel Service’s payout ratio is currently 94.49%.

Indoor activity

In related news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Insiders own 0.13% of the company’s shares.

The Wall Street analyst weighs in

A number of research firms recently commented on UPS. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Baird RW upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Stephens cut their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird cut their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, BMO Capital Markets reduced their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Moderate Buy” and an average price target of $151.20, according to MarketBeat .

Check out our latest research report on United Parcel Service

United Parcel Service Company Profile

(Free report)

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, air freight, customs brokerage and insurance services. It operates through two segments, the US Domestic Package and the International Package. The US Domestic Packages segment provides timed delivery of express letters, documents, small packages and palletized goods via air and ground services in the United States.

Read more

Want to see what other hedge funds own UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for United Parcel Service, Inc. (NYSE:UPS – Free Report).

Get daily United Parcel Service news and reviews – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for United Parcel Service and related companies with MarketBeat.com ‘s FREE daily email newsletter.