Sawyer & Company Inc Sells 98 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sawyer & Company Inc trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,626 shares of the transportation company’s stock after selling 98 shares during the quarter. Sawyer & Company Inc’s holdings in United Parcel Service were worth $3,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Pineridge Advisors LLC bought a new stake in United Parcel Service during the fourth quarter worth about $31,000. TruNorth Capital Management LLC bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $28,000. Stephens Consulting LLC grew its stake 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 valued at $33,000 after purchasing an additional 200 shares during the last quarter. Riverview Trust Co bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $32,000. Finally, Centerpoint Advisors LLC grew its stake 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 valued at $32,000 after purchasing an additional 175 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Performance

United Parcel Service stock traded up $1.76 during midday trading on Friday, hitting $134.60. The company’s stock had a trading volume of 2,429,780 shares, compared to its average volume of 4,042,153. The company has a 50-day moving average price of $129.21 and a two-hundred day moving average price of $137.03. The company has a market cap of $115.30 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.95 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last issued 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 firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.54 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 106.36%.

Insiders Place Their Bets

In other news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, 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 filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of several analyst reports. Evercore ISI cut their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, June 24th. Stephens cut their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. UBS Group cut their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. BMO Capital Markets cut their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Finally, Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $151.24.

United Parcel Service 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.