Douglas Lane & Associates LLC Lowers Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Douglas Lane & Associates LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,897 shares of the transportation company’s stock after selling 350 shares during the period. Douglas Lane & Associates LLC’s holdings in United Parcel Service were worth $396,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service during the fourth quarter valued at about $26,000. Northwest Financial Advisors bought a new stake in shares of United Parcel Service in the fourth quarter worth about $28,000. Bourgeon Capital Management LLC bought a new stake in United Parcel Service during the 4th quarter valued at approximately $31,000. Security National Bank purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $31,000. Finally, Pineridge Advisors LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $1.52 during midday trading on Tuesday, hitting $124.50. The company had a trading volume of 5,549,945 shares, compared to its average volume of 4,287,482. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.04. The company has a market cap of $106.52 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.77 and a beta of 0.98. United Parcel Service, Inc. has a 12-month low of $124.42 and a 12-month high of $184.33. The company has a fifty day moving average of $136.03 and a two-hundred day moving average of $144.29.

United Parcel Service (NYSE:UPS) last posted 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). The company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $2.54 earnings per share. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UPS shares. Stephens dropped 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 report on Wednesday, July 24th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. BMO Capital Markets dropped their price target 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 24th. Finally, Oppenheimer lowered their price objective on 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $154.95.

About United Parcel Service

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.