United Parcel Service, Inc. (NYSE:UPS) Shares Sold by North Star Asset Management Inc.

North Star Asset Management Inc. lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,485 shares of the transportation company’s stock after selling 2,850 shares during the quarter. North Star Asset Management Inc.’s holdings in United Parcel Service were worth $2,530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest Financial Advisors acquired a new position in United Parcel Service in the 4th quarter worth approximately $28,000. Pineridge Advisors LLC purchased a new stake in United Parcel Service in the fourth quarter valued at $31,000. Security National Bank acquired a new position in United Parcel Service in the fourth quarter valued at about $31,000. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service during the 2nd quarter worth approximately $28,000. Finally, Stephens Consulting LLC lifted its stake in United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was 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 in the company, valued at $663,627.60. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by company insiders.

United Parcel Service Trading Up 0.1 %

NYSE:UPS opened at $127.56 on Friday. The company has a market cap of $109.27 billion, a PE ratio of 18.49, a P/E/G ratio of 1.90 and a beta of 0.99. The business’s 50 day moving average is $131.59 and its two-hundred day moving average is $140.68. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82.

United Parcel Service (NYSE:UPS) last posted its earnings results 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 business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.54 earnings per share. On average, analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Bank of America decreased their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Wells Fargo & Company decreased their price target on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Susquehanna decreased their target price on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, UBS Group reduced their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.20.

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.