Atwater Malick LLC Has $3.52 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Atwater Malick LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 9.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 25,822 shares of the transportation company’s stock after selling 2,586 shares during the period. United Parcel Service comprises approximately 1.1% of Atwater Malick LLC’s holdings, making the stock its 23rd largest holding. Atwater Malick LLC’s holdings in United Parcel Service were worth $3,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. Octavia Wealth Advisors LLC lifted its holdings in United Parcel Service by 37.9% in the third quarter. Octavia Wealth Advisors LLC now owns 4,684 shares of the transportation company’s stock valued at $639,000 after buying an additional 1,288 shares during the period. Valeo Financial Advisors LLC raised its position in shares of United Parcel Service by 16.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 27,757 shares of the transportation company’s stock valued at $3,784,000 after acquiring an additional 3,922 shares during the last quarter. Wynn Capital LLC bought a new stake in United Parcel Service in the third quarter valued at about $237,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in United Parcel Service by 257.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,235 shares of the transportation company’s stock valued at $714,000 after buying an additional 3,769 shares during the period. Finally, Maj Invest Holding A S raised its position in shares of United Parcel Service by 86.6% in the 3rd quarter. Maj Invest Holding A S now owns 867,064 shares of the transportation company’s stock valued at $118,215,000 after acquiring an additional 402,285 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

United Parcel Service stock traded up $1.76 during mid-day trading on Friday, hitting $134.60. 2,429,780 shares of the company’s stock traded hands, compared to its average volume of 4,209,721. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $129.21 and a two-hundred day simple moving average of $137.08. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The stock has a market cap of $115.16 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.96 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $2.54 EPS. On average, research analysts expect that United Parcel Service, Inc. will post 7.42 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.84%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Evercore ISI reduced their price target on shares of 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. JPMorgan Chase & Co. cut 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 research report on Wednesday, July 24th. Baird R W raised United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Susquehanna decreased their price objective on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, Oppenheimer cut their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.24.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was bought 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 owns 5,160 shares of the company’s stock, valued at $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

About United Parcel Service

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.