Hendershot Investments Inc. Lowers Position in United Parcel Service, Inc. (NYSE:UPS)

Hendershot Investments Inc. trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the 2nd quarter, Holdings Channel reports. The firm owned 63,492 shares of the transportation company’s stock after selling 381 shares during the quarter. United Parcel Service comprises approximately 1.2% of Hendershot Investments Inc.’s portfolio, making the stock its 25th biggest holding. Hendershot Investments Inc.’s holdings in United Parcel Service were worth $8,689,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Northwest Financial Advisors bought a new stake in United Parcel Service in the 4th quarter worth approximately $28,000. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service in the 2nd quarter valued at $28,000. Security National Bank bought a new position in shares of United Parcel Service during the 4th quarter valued at $31,000. Pineridge Advisors LLC purchased a new position in United Parcel Service in the 4th quarter worth $31,000. Finally, Riverview Trust Co bought a new stake in United Parcel Service in the second quarter worth $32,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on UPS shares. Evercore ISI dropped their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Susquehanna cut their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus lowered their price target on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Bank of America cut their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, Oppenheimer lowered their price objective on shares of 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 assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $151.20.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $127.40 on Friday. The stock has a market cap of $109.13 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 1.89 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 $164.25. The firm’s 50-day moving average is $131.77 and its 200 day moving average is $140.83.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate 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 revenue was down 1.1% on a year-over-year basis. During the same period last year, the business earned $2.54 EPS. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders 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 5.12%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 94.49%.

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.