Linscomb Wealth Inc. Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

Linscomb Wealth Inc. lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,192 shares of the transportation company’s stock after selling 946 shares during the period. Linscomb Wealth Inc.’s holdings in United Parcel Service were worth $7,553,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Cullen Investment Group LTD. raised its holdings in shares of United Parcel Service by 0.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after buying an additional 68 shares during the period. Blackston Financial Advisory Group LLC increased its stake in United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after purchasing an additional 69 shares during the period. Versant Capital Management Inc lifted its position in shares of United Parcel Service by 2.2% during the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock worth $477,000 after purchasing an additional 70 shares in the last quarter. Moody National Bank Trust Division boosted its stake in shares of United Parcel Service by 0.8% in the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock valued at $1,354,000 after purchasing an additional 71 shares during the period. Finally, Cornerstone Wealth Management LLC grew its holdings in shares of United Parcel Service by 0.9% in the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock valued at $1,269,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.7 %

UPS stock opened at $129.83 on Wednesday. The company has a market cap of $111.21 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.88 and a beta of 0.99. The company has a fifty day moving average price of $131.34 and a 200 day moving average price of $140.29. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 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 business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the previous year, the company posted $2.54 earnings per share. United Parcel Service’s quarterly revenue was down 1.1% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is currently 94.49%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UPS. Robert W. Baird decreased their price target on shares of 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. BMO Capital Markets lowered their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Bank of America reduced their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. TD Cowen started coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. Finally, Stifel Nicolaus reduced their target price on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” 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 given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $151.20.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was bought 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 $663,627.60. The purchase 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.

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.