Stillwater Capital Advisors LLC Sells 67,933 Shares of United Parcel Service, Inc. (NYSE:UPS)

Stillwater Capital Advisors LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 97.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,857 shares of the transportation company’s stock after selling 67,933 shares during the period. Stillwater Capital Advisors LLC’s holdings in United Parcel Service were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new position in shares of United Parcel Service during the second quarter worth $28,000. Riverview Trust Co acquired a new position in shares of United Parcel Service during the second quarter worth $32,000. Centerpoint Advisors LLC increased its position in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. Stephens Consulting LLC increased its position in shares of United Parcel Service by 869.6% during the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in shares of United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred 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 transaction, the director now directly 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.6 %

UPS stock opened at $133.80 on Wednesday. The company’s 50-day simple moving average is $129.57 and its 200-day simple moving average is $136.76. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The firm has a market cap of $114.61 billion, a P/E ratio of 21.83, a PEG ratio of 1.95 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its earnings results 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). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the previous year, the company earned $2.54 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UPS. Stephens reduced their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. The Goldman Sachs Group dropped their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Robert W. Baird dropped their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.