Ocean Capital Management LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,378 shares of the transportation company’s stock after selling 670 shares during the quarter. United Parcel Service makes up about 0.7% of Ocean Capital Management LLC’s holdings, making the stock its 25th largest position. Ocean Capital Management LLC’s holdings in United Parcel Service were worth $865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of UPS. RPG Investment Advisory LLC lifted its holdings in shares of United Parcel Service by 277.1% in the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 194 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in United Parcel Service by 65.0% during the second quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock worth $31,000 after acquiring an additional 117 shares during the period. Financial Gravity Wealth Inc. bought a new stake in United Parcel Service during the first quarter worth $32,000. First National Corp MA ADV bought a new stake in United Parcel Service during the first quarter worth $38,000. Finally, Kavar Capital Partners LLC bought a new stake in United Parcel Service during the second quarter worth $38,000. Institutional investors own 55.50% of the company’s stock.

A number of analysts recently commented on the company. Goldman Sachs Group assumed coverage on United Parcel Service in a report on Wednesday, July 10th. They set a “buy” rating and a $123.00 price target on the stock. Cowen reiterated a “market perform” rating and set a $116.00 price target (down from $118.00) on shares of United Parcel Service in a report on Friday, April 26th. Credit Suisse Group set a $119.00 price target on United Parcel Service and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Berenberg Bank reiterated a “buy” rating on shares of United Parcel Service in a report on Friday, July 26th. Finally, Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price target on the stock in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $118.82.

NYSE:UPS traded down $0.79 during trading hours on Thursday, reaching $113.25. The stock had a trading volume of 166,244 shares, compared to its average volume of 4,370,533. The firm has a market capitalization of $98.65 billion, a PE ratio of 15.69, a P/E/G ratio of 1.75 and a beta of 1.23. United Parcel Service, Inc. has a 12-month low of $89.89 and a 12-month high of $125.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 4.62. The stock has a 50 day moving average of $109.41.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.03. The company had revenue of $18.05 billion during the quarter, compared to analysts’ expectations of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 earnings per share. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Friday, August 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 53.04%.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. 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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