United Parcel Service, Inc. $UPS Stock Holdings Lessened by Loudon Investment Management LLC

Loudon Investment Management LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 50.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,450 shares of the transportation company’s stock after selling 4,535 shares during the period. Loudon Investment Management LLC’s holdings in United Parcel Service were worth $449,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Founders Capital Management LLC boosted its stake in United Parcel Service by 8.3% in the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock valued at $11,245,000 after acquiring an additional 8,579 shares during the period. Gallacher Capital Management LLC bought a new stake in shares of United Parcel Service in the 1st quarter worth approximately $620,000. Garde Capital Inc. acquired a new position in United Parcel Service during the 1st quarter valued at approximately $37,000. Capital CS Group LLC grew its stake in United Parcel Service by 3.6% during the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock worth $23,730,000 after buying an additional 8,070 shares during the last quarter. Finally, CX Institutional grew its stake in United Parcel Service by 39.9% during the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock worth $6,073,000 after buying an additional 17,152 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UPS. Evercore ISI cut their target price on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research note on Wednesday, July 30th. Oppenheimer cut their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Wells Fargo & Company reduced their target price on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 30th. BMO Capital Markets restated a “market perform” rating and issued a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Finally, Stifel Nicolaus cut their price target on United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $111.38.

United Parcel Service Stock Performance

UPS opened at $83.46 on Wednesday. The business has a 50 day moving average price of $87.26 and a two-hundred day moving average price of $96.00. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $70.74 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the prior year, the firm posted $1.79 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. Research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.9%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

Insider Buying and Selling

In related news, Director Christiana Smith Shi purchased 500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director owned 500 shares of the company’s stock, valued at $44,085. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, 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 disclosure for this purchase can be found here. Insiders have purchased 17,182 shares of company stock worth $1,477,382 in the last three months. 0.13% of the stock is currently owned by insiders.

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.