Oakview Capital Management L.P. Sells 27,684 Shares of United Parcel Service, Inc. (NYSE:UPS)

Oakview Capital Management L.P. trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 57.2% in the second quarter, Holdings Channel reports. The firm owned 20,725 shares of the transportation company’s stock after selling 27,684 shares during the period. United Parcel Service comprises 8.9% of Oakview Capital Management L.P.’s investment portfolio, making the stock its 3rd largest holding. Oakview Capital Management L.P.’s holdings in United Parcel Service were worth $2,836,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new position in shares of United Parcel Service in the second quarter valued at approximately $28,000. Security National Bank acquired a new position in United Parcel Service in the fourth quarter valued at approximately $31,000. Pineridge Advisors LLC purchased a new position in United Parcel Service in the fourth quarter valued at approximately $31,000. Riverview Trust Co acquired a new stake in United Parcel Service during the second quarter worth approximately $32,000. Finally, Centerpoint Advisors LLC grew its stake in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Up 0.7 %

NYSE:UPS opened at $134.25 on Friday. The stock has a market cap of $115.00 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.91 and a beta of 0.99. 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 1 year low of $123.12 and a 1 year high of $163.82. The business has a fifty day moving average of $128.75 and a 200-day moving average of $138.61.

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 analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the previous year, the business posted $2.54 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on UPS shares. Wells Fargo & Company lowered their price objective on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Barclays lowered their price target on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. UBS Group dropped their target price on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.68.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.