Hendershot Investments Inc. Sells 381 Shares of United Parcel Service, Inc. (NYSE:UPS)

Hendershot Investments Inc. trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,492 shares of the transportation company’s stock after selling 381 shares during the quarter. United Parcel Service makes up 1.2% of Hendershot Investments Inc.’s holdings, making the stock its 25th biggest holding. Hendershot Investments Inc.’s holdings in United Parcel Service were worth $8,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in UPS. Cullen Investment Group LTD. boosted its stake in shares of United Parcel Service by 0.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after purchasing an additional 68 shares during the last quarter. Blackston Financial Advisory Group LLC grew its stake in United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after purchasing an additional 69 shares during the period. Versant Capital Management Inc increased its holdings in United Parcel Service by 2.2% in the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock worth $477,000 after purchasing an additional 70 shares in the last quarter. Moody National Bank Trust Division boosted its holdings in shares of United Parcel Service by 0.8% during the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after buying an additional 71 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its holdings in shares of United Parcel Service by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after buying an additional 73 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on UPS. Bank of America lowered their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Oppenheimer dropped their price target 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. Robert W. Baird reduced their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus cut their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Wells Fargo & Company lowered their price objective on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.20.

Insider Activity

In related news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 1.2 %

United Parcel Service stock opened at $127.40 on Friday. The firm has a 50 day moving average price of $131.77 and a 200-day moving average price of $140.83. 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 twelve month low of $123.12 and a twelve month high of $164.25. The company has a market capitalization of $109.13 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.89 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the prior year, the business earned $2.54 earnings per share. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders 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 dividend yield of 5.12%. United Parcel Service’s payout ratio is 94.49%.

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.