United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,868 shares of the transportation company's stock after selling 3,704 shares during the quarter. Apollon Wealth Management LLC's holdings in United Parcel Service were worth $4,935,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Garde Capital Inc. purchased a new stake in shares of United Parcel Service during the first quarter worth about $37,000. Golden State Wealth Management LLC grew its stake in shares of United Parcel Service by 61.3% during the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock worth $173,000 after acquiring an additional 599 shares during the last quarter. CWA Asset Management Group LLC boosted its position in United Parcel Service by 5.9% in the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after buying an additional 193 shares during the last quarter. Advisor Resource Council purchased a new stake in United Parcel Service in the first quarter valued at approximately $437,000. Finally, Clark Capital Management Group Inc. boosted its position in United Parcel Service by 14.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock valued at $1,441,000 after buying an additional 1,440 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Down 0.5%

NYSE:UPS traded down $0.52 during trading hours on Friday, hitting $98.98. The company had a trading volume of 2,927,991 shares, compared to its average volume of 5,251,516. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average of $99.79 and a 200 day moving average of $108.33. The company has a market cap of $83.82 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.92 and a beta of 1.21. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Raymond James Financial dropped their target price on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Loop Capital lowered their price objective on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. UBS Group lowered their price objective on United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 8th. Finally, BMO Capital Markets lowered their price objective on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $119.13.

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.