SPC Financial Inc. Has $1.12 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

SPC Financial Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,234 shares of the transportation company’s stock after selling 142 shares during the period. SPC Financial Inc.’s holdings in United Parcel Service were worth $1,123,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC grew its stake in shares of United Parcel Service by 6.5% in the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after purchasing an additional 406,248 shares during the period. Bank of New York Mellon Corp grew its stake in shares of United Parcel Service by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after purchasing an additional 20,426 shares during the period. American Century Companies Inc. grew its stake in shares of United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after purchasing an additional 393,434 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of United Parcel Service by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock valued at $611,445,000 after purchasing an additional 101,349 shares during the period. Finally, Capital World Investors grew its stake in shares of United Parcel Service by 9.6% in the 1st quarter. Capital World Investors now owns 3,011,299 shares of the transportation company’s stock valued at $447,569,000 after purchasing an additional 263,313 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Robert W. Baird lowered their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. UBS Group decreased their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Susquehanna decreased their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Wells Fargo & Company increased their price target on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Evercore ISI decreased their price target on 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.24.

United Parcel Service Stock Performance

UPS stock opened at $135.88 on Thursday. The business’s fifty day moving average is $129.82 and its 200-day moving average is $136.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market cap of $116.39 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company 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%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the company earned $2.54 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is presently 106.36%.

Insider Buying and Selling

In other news, Director William R. Johnson bought 5,000 shares of the stock in a transaction 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 acquisition, the director now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

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.