Csenge Advisory Group Trims Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Csenge Advisory Group decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,323 shares of the transportation company’s stock after selling 458 shares during the quarter. Csenge Advisory Group’s holdings in United Parcel Service were worth $1,002,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in United Parcel Service by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock valued at $10,568,798,000 after buying an additional 178,394 shares during the last quarter. Wellington Management Group LLP boosted its stake in United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after buying an additional 8,475,698 shares during the last quarter. Franklin Resources Inc. boosted its stake in United Parcel Service by 11.4% during the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after buying an additional 980,317 shares during the last quarter. Norges Bank bought a new position in United Parcel Service during the fourth quarter valued at approximately $1,128,322,000. Finally, Clearbridge Investments LLC boosted its stake in United Parcel Service by 6.5% during the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after buying an additional 406,248 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 2.3 %

UPS opened at $126.21 on Friday. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $182.25. The stock’s fifty day moving average is $135.33 and its two-hundred day moving average is $143.79. The company has a market capitalization of $107.98 billion, a P/E ratio of 18.29, a PEG ratio of 1.72 and a beta of 0.98. The company has a quick ratio of 1.04, 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 (EPS) 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 company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the business posted $2.54 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. Analysts forecast that United Parcel Service, Inc. will post 7.64 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. Investors of record on Monday, August 19th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 5.17%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Insider Buying and Selling

In other United Parcel Service 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 purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UPS. Barclays dropped their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Evercore ISI dropped their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Robert W. Baird lowered their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, Stephens lowered their price objective 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 investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $154.95.

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.