Range Financial Group LLC Trims Holdings in United Parcel Service, Inc. (NYSE:UPS)

Range Financial Group LLC decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,341 shares of the transportation company’s stock after selling 80 shares during the quarter. Range Financial Group LLC’s holdings in United Parcel Service were worth $457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwest Financial Advisors purchased a new stake in United Parcel Service in the 4th quarter valued at $28,000. Pineridge Advisors LLC acquired a new stake in shares of United Parcel Service in the 4th quarter worth $31,000. Security National Bank acquired a new stake in shares of United Parcel Service in the 4th quarter worth $31,000. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter worth $28,000. Finally, Stephens Consulting LLC lifted its stake in shares of United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.1 %

Shares of NYSE UPS traded down $0.17 during midday trading on Thursday, hitting $128.75. The stock had a trading volume of 495,679 shares, compared to its average volume of 4,236,912. The company has a fifty day moving average price of $131.94 and a 200 day moving average price of $140.92. The company has a market capitalization of $110.28 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.89 and a beta of 0.99. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $164.25. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results 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 net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period last year, the firm earned $2.54 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 19th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 94.49%.

Insider Transactions at United Parcel Service

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on UPS. Susquehanna reduced their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company reduced their price target on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Stephens lowered their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, Bank of America lowered their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $151.20.

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.