Sachetta LLC Decreases Stock Position in United Parcel Service, Inc. $UPS

Sachetta LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 30.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,402 shares of the transportation company’s stock after selling 607 shares during the period. Sachetta LLC’s holdings in United Parcel Service were worth $142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in United Parcel Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after purchasing an additional 999,832 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in United Parcel Service by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock valued at $2,754,751,000 after purchasing an additional 1,780,807 shares during the period. Goldman Sachs Group Inc. boosted its holdings in United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after purchasing an additional 4,988,044 shares during the period. Northern Trust Corp boosted its holdings in United Parcel Service by 0.3% in the first quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock valued at $815,633,000 after purchasing an additional 23,918 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in United Parcel Service by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock valued at $519,059,000 after purchasing an additional 171,303 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 0.2%

United Parcel Service stock opened at $86.61 on Tuesday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $73.41 billion, a P/E ratio of 12.89, a PEG ratio of 1.60 and a beta of 1.10. The stock has a 50-day simple moving average of $85.91 and a 200-day simple moving average of $94.97.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share 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 firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same period in the previous year, the firm posted $1.79 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently issued reports on UPS. Citigroup decreased their target price on United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft decreased their price target on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. BNP Paribas raised United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. Wells Fargo & Company decreased their price target 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. Finally, Evercore ISI decreased their price target on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a report on Wednesday, July 30th. 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 issued a Sell rating to the stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $110.16.

Insider Activity

In related news, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction on Friday, August 1st. The stock was purchased at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christiana Smith Shi acquired 500 shares of United Parcel Service stock in a transaction on Friday, August 22nd. The shares were bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director owned 500 shares in the company, valued at $44,085. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 17,182 shares of company stock valued at $1,477,382. Insiders own 0.13% of the company’s stock.

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.