Mcdaniel Terry & Co. Cuts Position in United Parcel Service, Inc. $UPS

Mcdaniel Terry & Co. lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,887 shares of the transportation company’s stock after selling 705 shares during the quarter. Mcdaniel Terry & Co.’s holdings in United Parcel Service were worth $1,906,000 at the end of the most recent reporting period.

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

Insider Activity at United Parcel Service

In related news, Director Christiana Smith Shi bought 500 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director directly owned 500 shares of the company’s stock, valued at $44,085. This represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The stock was bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the purchase, the director directly 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. In the last ninety days, insiders have purchased 17,182 shares of company stock worth $1,477,382. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of a number of research analyst reports. Bank of America reduced their target price on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a report on Friday, September 26th. UBS Group decreased their price objective on United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. BNP Paribas raised shares of United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. reduced their target price on shares of 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. Finally, Wells Fargo & Company lowered their price target on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.31.

United Parcel Service Stock Performance

United Parcel Service stock opened at $87.21 on Friday. The firm has a 50 day simple moving average of $85.52 and a 200-day simple moving average of $93.17. The stock has a market cap of $73.91 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 1.61 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, Inc. has a 1-year low of $82.00 and a 1-year high of $140.33.

United Parcel Service (NYSE:UPS) last released 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). The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.79 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.5%. United Parcel Service’s dividend payout ratio is currently 97.62%.

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.