United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Lynch & Associates IN

Lynch & Associates IN lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 56,436 shares of the transportation company’s stock after selling 1,930 shares during the quarter. United Parcel Service comprises about 1.6% of Lynch & Associates IN’s investment portfolio, making the stock its 18th largest position. Lynch & Associates IN’s holdings in United Parcel Service were worth $7,695,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in UPS. Scarborough Advisors LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $87,000. Moody National Bank Trust Division boosted its stake in shares of United Parcel Service by 0.8% during the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after acquiring an additional 71 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of United Parcel Service by 2.0% during the 1st quarter. NBC Securities Inc. now owns 9,774 shares of the transportation company’s stock worth $1,452,000 after acquiring an additional 192 shares in the last quarter. Farmers Trust Co. boosted its stake in shares of United Parcel Service by 39.6% during the 1st quarter. Farmers Trust Co. now owns 28,692 shares of the transportation company’s stock worth $4,264,000 after acquiring an additional 8,138 shares in the last quarter. Finally, Woodstock Corp lifted its holdings in shares of United Parcel Service by 8.8% in the first quarter. Woodstock Corp now owns 36,286 shares of the transportation company’s stock valued at $5,393,000 after purchasing an additional 2,929 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of the stock in a transaction on Thursday, July 25th. The stock was purchased at an average price 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. This trade represents a 3,100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Down 0.6 %

NYSE:UPS opened at $133.80 on Wednesday. The stock’s fifty day moving average price is $129.57 and its two-hundred day moving average price is $136.76. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $114.61 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.95 and a beta of 0.99.

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 firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.54 EPS. On average, analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 106.36%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays reduced their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. TD Cowen initiated coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. UBS Group cut their target price on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Evercore ISI lowered their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. Finally, Robert W. Baird decreased their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average target price of $151.24.

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.