Gilbert & Cook Inc. Sells 723 Shares of United Parcel Service, Inc. (NYSE:UPS)

Gilbert & Cook Inc. lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,708 shares of the transportation company’s stock after selling 723 shares during the period. United Parcel Service accounts for approximately 1.2% of Gilbert & Cook Inc.’s investment portfolio, making the stock its 10th biggest position. Gilbert & Cook Inc.’s holdings in United Parcel Service were worth $8,308,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in United Parcel Service by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock valued at $578,053,000 after buying an additional 200,297 shares during the period. United Services Automobile Association boosted its position in shares of United Parcel Service by 235.3% during the 4th quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock worth $37,316,000 after purchasing an additional 166,557 shares during the period. Natixis purchased a new position in shares of United Parcel Service during the 1st quarter worth approximately $121,000. Assetmark Inc. grew its stake in shares of United Parcel Service by 20.2% in the fourth quarter. Assetmark Inc. now owns 62,360 shares of the transportation company’s stock valued at $9,805,000 after buying an additional 10,467 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after acquiring an additional 980,317 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

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. 0.13% of the stock is owned by company insiders.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $1.57 during mid-day trading on Monday, hitting $128.55. 4,116,000 shares of the company were exchanged, compared to its average volume of 4,240,979. The stock has a 50 day simple moving average of $132.47 and a 200-day simple moving average of $141.28. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $172.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market cap of $110.11 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its 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). 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%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the company posted $2.54 earnings per share. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on UPS shares. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Bank of America decreased 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. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. UBS Group reduced their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Susquehanna cut their target price on shares of 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. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.