Chevy Chase Trust Holdings LLC Purchases 18,660 Shares of United Parcel Service, Inc. $UPS

Chevy Chase Trust Holdings LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 4.8% in the second quarter, Holdings Channel.com reports. The fund owned 404,261 shares of the transportation company’s stock after buying an additional 18,660 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in United Parcel Service were worth $40,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Cornerstone Wealth Group LLC lifted its position in shares of United Parcel Service by 3.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock worth $258,000 after acquiring an additional 97 shares during the period. Bangor Savings Bank lifted its position in shares of United Parcel Service by 1.9% in the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock worth $546,000 after acquiring an additional 101 shares during the period. First Dallas Securities Inc. lifted its position in shares of United Parcel Service by 0.9% in the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after acquiring an additional 102 shares during the period. TCV Trust & Wealth Management Inc. lifted its position in shares of United Parcel Service by 1.4% in the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock worth $830,000 after acquiring an additional 103 shares during the period. Finally, Fortis Capital Advisors LLC lifted its position in shares of United Parcel Service by 3.4% in the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock worth $350,000 after acquiring an additional 104 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UPS. Susquehanna reduced their price objective on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, July 30th. JPMorgan Chase & Co. cut their target price on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Barclays cut their target price on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a research report on Thursday, July 31st. Citigroup cut their target price on United Parcel Service from $114.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $109.31.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, the director owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christiana Smith Shi acquired 500 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director owned 500 shares in the company, valued at approximately $44,085. The trade was a ? increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by insiders.

United Parcel Service Trading Up 1.0%

Shares of UPS opened at $86.48 on Friday. The stock has a fifty day moving average price of $85.58 and a two-hundred day moving average price of $93.57. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The company has a market cap of $73.30 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.59 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the firm posted $1.79 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service’s payout ratio is presently 97.62%.

United Parcel Service Company 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.