Stoneridge Investment Partners LLC Sells 550 Shares of United Parcel Service, Inc. (NYSE:UPS)

Stoneridge Investment Partners LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,324 shares of the transportation company’s stock after selling 550 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in United Parcel Service were worth $1,823,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $28,000. Security National Bank purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $31,000. Pineridge Advisors LLC bought a new position in shares of United Parcel Service during the 4th quarter worth $31,000. Riverview Trust Co bought a new position in United Parcel Service during the 2nd quarter worth about $32,000. Finally, Centerpoint Advisors LLC increased its holdings in United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $127.24 on Friday. The firm’s fifty day simple moving average is $130.88 and its 200 day simple moving average is $139.99. The firm has a market capitalization of $108.99 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.89 and a beta of 0.99. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.54 earnings per share. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 5.12%. United Parcel Service’s payout ratio is currently 94.49%.

Insider Buying and Selling

In related news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $663,627.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of several analyst reports. Susquehanna cut their price target on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Bank of America reduced their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Robert W. Baird lowered their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note 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. Finally, Stephens reduced their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.68.

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.