Sepio Capital LP Sells 2,717 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sepio Capital LP decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 12.1% in the second quarter, Holdings Channel.com reports. The firm owned 19,709 shares of the transportation company’s stock after selling 2,717 shares during the period. Sepio Capital LP’s holdings in United Parcel Service were worth $2,697,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of UPS. Gilbert & Cook Inc. boosted its stake in shares of United Parcel Service by 0.7% during the 4th quarter. Gilbert & Cook Inc. now owns 74,000 shares of the transportation company’s stock worth $11,635,000 after purchasing an additional 540 shares during the period. Aveo Capital Partners LLC bought a new stake in United Parcel Service in the fourth quarter worth about $218,000. Gryphon Financial Partners LLC boosted its position in shares of United Parcel Service by 128.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 3,028 shares of the transportation company’s stock valued at $493,000 after buying an additional 1,701 shares during the period. TD Asset Management Inc grew its stake in shares of United Parcel Service by 6.7% during the fourth quarter. TD Asset Management Inc now owns 290,079 shares of the transportation company’s stock valued at $45,609,000 after buying an additional 18,337 shares during the last quarter. Finally, Avestar Capital LLC grew its stake in shares of United Parcel Service by 30.6% during the fourth quarter. Avestar Capital LLC now owns 2,210 shares of the transportation company’s stock valued at $347,000 after buying an additional 518 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Bank of America dropped their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. BMO Capital Markets reduced their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. UBS Group cut their target price on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Stephens reduced their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, Barclays decreased 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.68.

United Parcel Service Price Performance

NYSE:UPS opened at $134.25 on Friday. The company has a 50 day moving average price of $128.75 and a 200-day moving average price of $138.61. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The firm has a market cap of $115.00 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.91 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the company posted $2.54 EPS. The company’s revenue was down 1.1% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

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