Garland Capital Management Inc. Sells 20,625 Shares of United Parcel Service, Inc. $UPS

Garland Capital Management Inc. cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 68.1% in the second quarter, HoldingsChannel reports. The firm owned 9,640 shares of the transportation company’s stock after selling 20,625 shares during the period. United Parcel Service comprises about 3.1% of Garland Capital Management Inc.’s investment portfolio, making the stock its 19th largest holding. Garland Capital Management Inc.’s holdings in United Parcel Service were worth $973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UPS. Graybill Wealth Management LTD. bought a new stake in United Parcel Service during the 1st quarter valued at $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in United Parcel Service during the 2nd quarter valued at $26,000. Citizens National Bank Trust Department raised its position in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares in the last quarter. Hemington Wealth Management raised its position in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. Finally, Saudi Central Bank bought a new stake in United Parcel Service during the 1st quarter valued at $32,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 0.2%

Shares of NYSE:UPS opened at $87.21 on Monday. The business’s 50-day moving average is $85.52 and its 200 day moving average is $93.13. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $140.33. The firm has a market capitalization of $73.91 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.62 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS) last announced its earnings results 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 for the quarter, compared to analyst estimates of $20.90 billion. During the same period in the prior year, the company earned $1.79 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share 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. Investors of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio is currently 97.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on UPS shares. Barclays decreased 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. JPMorgan Chase & Co. reduced their price target 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. Evercore ISI reduced their price target on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a research report on Wednesday, July 30th. Wells Fargo & Company reduced their price target 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, Wolfe Research reduced their price target 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. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $109.31.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction on Thursday, July 31st. The shares were acquired at an average price 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 $878,840. This trade represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carol B. Tome purchased 11,682 shares of the company’s stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following 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 90 days, insiders have bought 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by insiders.

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.