Mission Creek Capital Partners Inc. Trims Holdings in United Parcel Service, Inc. (NYSE:UPS)

Mission Creek Capital Partners Inc. cut its holdings in United Parcel Service, Inc. (NYSE:UPSGet Rating) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,062 shares of the transportation company’s stock after selling 70 shares during the quarter. Mission Creek Capital Partners Inc.’s holdings in United Parcel Service were worth $657,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UPS. Qube Research & Technologies Ltd grew its position in shares of United Parcel Service by 4.4% in the 4th quarter. Qube Research & Technologies Ltd now owns 57,526 shares of the transportation company’s stock worth $12,330,000 after buying an additional 2,449 shares during the period. Paradigm Financial Partners LLC bought a new position in United Parcel Service in the 4th quarter worth about $841,000. WealthShield Partners LLC boosted its stake in United Parcel Service by 35.9% in the 4th quarter. WealthShield Partners LLC now owns 2,546 shares of the transportation company’s stock worth $546,000 after purchasing an additional 672 shares in the last quarter. Cape Cod Five Cents Savings Bank bought a new position in United Parcel Service in the 4th quarter worth about $211,000. Finally, Pittenger & Anderson Inc. boosted its stake in United Parcel Service by 219.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 1,143 shares of the transportation company’s stock worth $245,000 after purchasing an additional 785 shares in the last quarter. 59.60% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 0.1 %

United Parcel Service stock opened at $196.13 on Friday. The firm has a 50 day moving average of $193.45 and a 200 day moving average of $192.21. The firm has a market capitalization of $170.37 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 1.72 and a beta of 1.07. United Parcel Service, Inc. has a 12-month low of $165.34 and a 12-month high of $233.72. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10.

United Parcel Service (NYSE:UPSGet Rating) last released its earnings results on Tuesday, July 26th. The transportation company reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.15. The company had revenue of $24.80 billion during the quarter, compared to analyst estimates of $24.59 billion. United Parcel Service had a net margin of 10.92% and a return on equity of 76.43%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.06 EPS. As a group, research analysts predict that United Parcel Service, Inc. will post 12.85 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were issued a $1.52 dividend. This represents a $6.08 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Friday, August 12th. United Parcel Service’s dividend payout ratio is 48.84%.

Insider Buying and Selling

In related news, insider Kathleen M. Gutmann sold 21,307 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total value of $4,357,494.57. Following the completion of the sale, the insider now directly owns 102,591 shares of the company’s stock, valued at approximately $20,980,885.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other United Parcel Service news, CMO Kevin M. Warren sold 23,366 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total transaction of $4,516,881.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathleen M. Gutmann sold 21,307 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total transaction of $4,357,494.57. Following the sale, the insider now directly owns 102,591 shares of the company’s stock, valued at $20,980,885.41. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on UPS shares. JPMorgan Chase & Co. set a $199.00 price target on shares of United Parcel Service in a research note on Wednesday. Citigroup dropped their price target on shares of United Parcel Service from $240.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. The Goldman Sachs Group dropped their price target on shares of United Parcel Service from $239.00 to $215.00 and set a “buy” rating on the stock in a research note on Tuesday, June 7th. Stephens dropped their price target on shares of United Parcel Service to $210.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Finally, Daiwa Capital Markets upped their price target on shares of United Parcel Service to $207.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $215.82.

United Parcel Service Profile

(Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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