Steel Grove Capital Advisors LLC Has $1.46 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Steel Grove Capital Advisors LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,663 shares of the transportation company’s stock after selling 785 shares during the period. Steel Grove Capital Advisors LLC’s holdings in United Parcel Service were worth $1,459,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in United Parcel Service by 0.3% in the 4th 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 boosted its holdings in United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after purchasing an additional 8,475,698 shares during the period. Clearbridge Investments LLC boosted its holdings in United Parcel Service by 6.5% in the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after purchasing an additional 406,248 shares during the period. Bank of New York Mellon Corp boosted its holdings in United Parcel Service by 0.3% in the 2nd 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 purchasing an additional 20,426 shares during the period. Finally, American Century Companies Inc. boosted its holdings in United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after purchasing an additional 393,434 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $128.60 on Monday. The company has a market cap of $110.02 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 1.90 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. The firm has a 50 day simple moving average of $130.18 and a 200 day simple moving average of $139.18. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82.

United Parcel Service (NYSE:UPS) last announced 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). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. 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 company posted $2.54 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. Research analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UPS. Oppenheimer cut their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, TD Cowen initiated coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.68.

United Parcel Service 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.