Morgan Dempsey Capital Management LLC Sells 2,259 Shares of United Parcel Service, Inc. (NYSE:UPS)

Morgan Dempsey Capital Management LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,818 shares of the transportation company’s stock after selling 2,259 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in United Parcel Service were worth $6,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in United Parcel Service by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock worth $578,053,000 after purchasing an additional 200,297 shares during the last quarter. United Services Automobile Association raised its stake in United Parcel Service by 235.3% in the 4th quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock worth $37,316,000 after acquiring an additional 166,557 shares during the last quarter. Natixis purchased a new stake in United Parcel Service during the 1st quarter valued at about $121,000. Assetmark Inc. increased its holdings in shares of United Parcel Service by 20.2% in the fourth quarter. Assetmark Inc. now owns 62,360 shares of the transportation company’s stock valued at $9,805,000 after purchasing an additional 10,467 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of United Parcel Service by 11.4% in the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after purchasing an additional 980,317 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of UPS traded up $0.14 during mid-day trading on Friday, hitting $127.54. The company’s stock had a trading volume of 3,590,415 shares, compared to its average volume of 4,260,735. The firm has a 50-day simple moving average of $131.59 and a 200 day simple moving average of $140.63. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The firm has a market capitalization of $109.12 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.90 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 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 company had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the prior year, the firm posted $2.54 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.11%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Analyst Ratings Changes

UPS has been the topic of several recent research reports. Evercore ISI lowered their price objective 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. Susquehanna lowered their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird cut their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Stephens lowered their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research 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 for the company in a research note 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.20.

Insider Activity

In related news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

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.