Northeast Investment Management Sells 1,468 Shares of United Parcel Service, Inc. (NYSE:UPS)

Northeast Investment Management cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,145 shares of the transportation company’s stock after selling 1,468 shares during the quarter. Northeast Investment Management’s holdings in United Parcel Service were worth $5,904,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sterneck Capital Management LLC lifted its holdings in United Parcel Service by 8.6% during the 2nd quarter. Sterneck Capital Management LLC now owns 14,397 shares of the transportation company’s stock worth $1,970,000 after buying an additional 1,146 shares during the period. Beacon Financial Advisory LLC acquired a new position in United Parcel Service during the 2nd quarter worth about $1,430,000. Detalus Advisors LLC lifted its holdings in United Parcel Service by 8.1% during the 2nd quarter. Detalus Advisors LLC now owns 2,150 shares of the transportation company’s stock worth $294,000 after buying an additional 161 shares during the period. West Branch Capital LLC lifted its holdings in United Parcel Service by 21.0% during the 2nd quarter. West Branch Capital LLC now owns 1,100 shares of the transportation company’s stock worth $150,000 after buying an additional 191 shares during the period. Finally, Breakwater Capital Group lifted its holdings in United Parcel Service by 3.7% during the 2nd quarter. Breakwater Capital Group now owns 3,738 shares of the transportation company’s stock worth $512,000 after buying an additional 133 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Performance

Shares of UPS stock traded down $0.70 during trading on Wednesday, hitting $127.20. The company’s stock had a trading volume of 3,359,622 shares, compared to its average volume of 4,246,320. The company has a market cap of $108.96 billion, a PE ratio of 18.43, a P/E/G ratio of 1.85 and a beta of 0.98. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average of $132.96 and a 200-day moving average of $141.66. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $172.75.

United Parcel Service (NYSE:UPS) last released its 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). The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.54 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 94.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UPS. Susquehanna dropped their price objective on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Oppenheimer dropped their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Wells Fargo & Company dropped their price objective on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus dropped their price objective on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Baird R W raised United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus price target of $151.20.

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.