Haverford Financial Services Inc. Lowers Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Haverford Financial Services Inc. lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,492 shares of the transportation company’s stock after selling 1,705 shares during the period. United Parcel Service accounts for 1.8% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 27th biggest position. Haverford Financial Services Inc.’s holdings in United Parcel Service were worth $5,952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of United Parcel Service by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock valued at $10,568,798,000 after purchasing an additional 178,394 shares during the period. Wellington Management Group LLP grew its position in United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after acquiring an additional 8,475,698 shares during the period. Clearbridge Investments LLC grew its position in United Parcel Service by 6.5% during the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after acquiring an additional 406,248 shares during the period. Bank of New York Mellon Corp grew its position in United Parcel Service by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after acquiring an additional 20,426 shares during the period. Finally, American Century Companies Inc. grew its position in United Parcel Service by 10.5% during the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after acquiring an additional 393,434 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Oppenheimer lowered their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Barclays lowered their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Bank of America lowered their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Stifel Nicolaus lowered their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Robert W. Baird decreased their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service Trading Up 0.0 %

NYSE:UPS opened at $130.69 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The business’s 50-day simple moving average is $130.58 and its 200 day simple moving average is $139.55. The stock has a market cap of $111.94 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99.

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

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.99%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

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.