Northstar Group Inc. Cuts Stock Position in United Parcel Service, Inc. $UPS

Northstar Group Inc. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,450 shares of the transportation company’s stock after selling 204 shares during the period. Northstar Group Inc.’s holdings in United Parcel Service were worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in UPS. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service in the first quarter worth about $26,000. Citizens National Bank Trust Department boosted its holdings in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after acquiring an additional 210 shares in the last quarter. Hemington Wealth Management boosted its holdings in United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after acquiring an additional 115 shares in the last quarter. Saudi Central Bank acquired a new stake in United Parcel Service in the first quarter worth about $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in United Parcel Service in the first quarter worth about $33,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 1.0%

Shares of NYSE:UPS opened at $84.35 on Thursday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. The company has a market capitalization of $71.49 billion, a PE ratio of 12.55, a PEG ratio of 1.54 and a beta of 1.10. The business has a 50 day moving average of $86.88 and a two-hundred day moving average of $95.92. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

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). The business had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.79 earnings per share. As a group, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.8%. United Parcel Service’s payout ratio is 97.62%.

Insider Activity

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the transaction, the director directly owned 10,160 shares of the company’s stock, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The purchase was disclosed in a document filed 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 dated 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 completion of the transaction, the director directly owned 500 shares of the company’s stock, valued at approximately $44,085. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 17,182 shares of company stock worth $1,477,382 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley lowered their price target on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a report on Wednesday, July 30th. 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 report on Wednesday, July 30th. Wall Street Zen downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. 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 report on Thursday, July 31st. Finally, UBS Group decreased their target price on United Parcel Service from $124.00 to $118.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.38.

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.