Lantz Financial LLC Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)

Lantz Financial LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% in the second quarter, Holdings Channel reports. The institutional investor owned 15,313 shares of the transportation company’s stock after selling 173 shares during the quarter. Lantz Financial LLC’s holdings in United Parcel Service were worth $2,096,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Security National Bank bought a new stake in United Parcel Service in the 4th quarter worth approximately $31,000. Pineridge Advisors LLC purchased a new position in United Parcel Service in the 4th quarter worth approximately $31,000. Stephens Consulting LLC increased its stake in United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares during the period. Financial Synergies Wealth Advisors Inc. increased its stake in United Parcel Service by 1,933.3% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 244 shares of the transportation company’s stock worth $36,000 after purchasing an additional 232 shares during the period. Finally, YHB Investment Advisors Inc. purchased a new position in United Parcel Service in the 1st quarter worth approximately $47,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.7 %

Shares of UPS opened at $129.83 on Wednesday. The stock has a market capitalization of $111.21 billion, a PE ratio of 18.82, a P/E/G ratio of 1.88 and a beta of 0.99. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The company’s 50-day simple moving average is $131.34 and its 200-day simple moving average is $140.29.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.54 EPS. Analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.02%. United Parcel Service’s payout ratio is 94.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UPS. Bank of America reduced their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Barclays lowered their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus lowered their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Robert W. Baird decreased their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company decreased their target price on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $151.20.

Insider Buying and Selling

In other news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 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.