Logan Capital Management Inc. Acquires 24,242 Shares of United Parcel Service, Inc. $UPS

Logan Capital Management Inc. raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 31.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,723 shares of the transportation company’s stock after purchasing an additional 24,242 shares during the period. Logan Capital Management Inc.’s holdings in United Parcel Service were worth $11,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MBB Public Markets I LLC bought a new position in United Parcel Service during the 1st quarter valued at approximately $297,000. Ascent Group LLC bought a new position in United Parcel Service during the 1st quarter valued at approximately $2,550,000. RNC Capital Management LLC raised its position in United Parcel Service by 20.7% during the 1st quarter. RNC Capital Management LLC now owns 368,670 shares of the transportation company’s stock valued at $40,550,000 after purchasing an additional 63,140 shares during the last quarter. Arete Wealth Advisors LLC raised its position in United Parcel Service by 39.5% during the 1st quarter. Arete Wealth Advisors LLC now owns 21,632 shares of the transportation company’s stock valued at $2,379,000 after purchasing an additional 6,128 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC bought a new position in United Parcel Service during the 1st quarter valued at approximately $646,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.8%

UPS stock opened at $84.32 on Tuesday. United Parcel Service, Inc. has a twelve month low of $83.05 and a twelve month high of $145.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm has a market cap of $71.47 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The business has a 50 day moving average of $92.84 and a 200 day moving average of $99.62.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period last year, the business earned $1.79 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.8%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

Insider Buying and Selling 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 acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Carol B. Tome bought 11,682 shares of the business’s stock in a transaction on Friday, August 1st. The shares were acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 17,182 shares of company stock worth $1,477,382. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on UPS. Oppenheimer lowered their price target 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. Wolfe Research decreased their target price on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, July 1st. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a research report on Tuesday, July 8th. Wells Fargo & Company decreased their target price on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 30th. Finally, BNP Paribas Exane raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price for the company in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $112.59.

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.