United Parcel Service, Inc. (NYSE:UPS) is Oakview Capital Management L.P.'s 3rd Largest Position

Oakview Capital Management L.P. decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 57.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,725 shares of the transportation company's stock after selling 27,684 shares during the quarter. United Parcel Service comprises 8.9% of Oakview Capital Management L.P.'s holdings, making the stock its 3rd largest position. Oakview Capital Management L.P.'s holdings in United Parcel Service were worth $2,836,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in UPS. Cullen Investment Group LTD. raised its position in United Parcel Service by 0.7% in the first 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 period. Blackston Financial Advisory Group LLC raised its position in United Parcel Service by 1.4% in the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company's stock valued at $694,000 after purchasing an additional 69 shares during the period. Versant Capital Management Inc raised its position 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 valued at $477,000 after purchasing an additional 70 shares during the period. Moody National Bank Trust Division raised its position in United Parcel Service by 0.8% in the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company's stock valued at $1,354,000 after purchasing an additional 71 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its position in United Parcel Service by 2.1% in the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company's stock valued at $519,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UPS. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $150.00 to $144.00 and set a "neutral" rating on the stock in a report on Wednesday, July 24th. Robert W. Baird lowered their target price 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. Wells Fargo & Company lowered their target price on United Parcel Service from $156.00 to $134.00 and set an "overweight" rating for the company in a research note on Wednesday, July 24th. Evercore ISI lowered their target price on United Parcel Service from $157.00 to $145.00 and set an "in-line" rating for the company in a research note on Monday, June 24th. Finally, BMO Capital Markets lowered their target price on United Parcel Service from $169.00 to $155.00 and set a "market perform" rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $149.68.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction on 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 purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $0.93 during trading hours on Friday, reaching $134.26. The stock had a trading volume of 4,104,431 shares, compared to its average volume of 4,279,536. The firm has a market cap of $115.00 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.91 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, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The firm has a 50-day moving average of $128.75 and a 200-day moving average of $138.61.

United Parcel Service (NYSE:UPS - Get Free Report) last announced 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). 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%. The firm'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 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed 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 4.86%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service's dividend payout ratio is presently 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.