Logan Capital Management Inc. Has $2.43 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Logan Capital Management Inc. reduced its stake in United Parcel Service, Inc. (NYSE:UPSGet Rating) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,342 shares of the transportation company’s stock after selling 77 shares during the period. Logan Capital Management Inc.’s holdings in United Parcel Service were worth $2,432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of UPS. Rational Advisors LLC boosted its position in shares of United Parcel Service by 126.4% in the fourth quarter. Rational Advisors LLC now owns 120 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 67 shares during the period. Cordant Inc. bought a new stake in shares of United Parcel Service in the first quarter valued at about $26,000. Worth Asset Management LLC bought a new stake in shares of United Parcel Service in the first quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of United Parcel Service in the first quarter valued at about $30,000. Finally, Crewe Advisors LLC bought a new stake in shares of United Parcel Service in the first quarter valued at about $31,000. 59.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UPS. The Goldman Sachs Group reduced their target price on shares of United Parcel Service from $239.00 to $215.00 and set a “buy” rating for the company in a research report on Tuesday, June 7th. Wolfe Research cut shares of United Parcel Service from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, July 12th. Evercore ISI reissued an “outperform” rating and issued a $227.00 target price (down previously from $255.00) on shares of United Parcel Service in a research report on Tuesday, July 12th. JPMorgan Chase & Co. set a $199.00 price objective on shares of United Parcel Service in a research report on Wednesday. Finally, Wells Fargo & Company cut their price objective on shares of United Parcel Service from $270.00 to $223.00 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $215.82.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Kathleen M. Gutmann sold 21,307 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total transaction of $4,357,494.57. Following the completion of the sale, the insider now owns 102,591 shares of the company’s stock, valued at approximately $20,980,885.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other United Parcel Service news, insider Kathleen M. Gutmann sold 21,307 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $204.51, for a total transaction of $4,357,494.57. Following the transaction, the insider now directly owns 102,591 shares in the company, valued at approximately $20,980,885.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Kevin M. Warren sold 23,366 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $193.31, for a total value of $4,516,881.46. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $198.69 on Friday. The business has a 50 day moving average of $193.73 and a 200-day moving average of $192.06. United Parcel Service, Inc. has a 1 year low of $165.34 and a 1 year high of $233.72. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $172.60 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.74 and a beta of 1.07.

United Parcel Service (NYSE:UPSGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The transportation company reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.15. United Parcel Service had a return on equity of 76.43% and a net margin of 10.92%. The company had revenue of $24.80 billion during the quarter, compared to the consensus estimate of $24.59 billion. During the same quarter in the prior year, the firm posted $3.06 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts predict that United Parcel Service, Inc. will post 12.85 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were given a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Friday, August 12th. United Parcel Service’s dividend payout ratio is presently 48.84%.

About United Parcel Service

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United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

See Also

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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