Bartlett & CO. Wealth Management LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 46.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,234 shares of the transportation company's stock after selling 7,145 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in United Parcel Service were worth $831,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Bangor Savings Bank lifted its stake in United Parcel Service by 1.9% during the second quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company's stock valued at $546,000 after buying an additional 101 shares in the last quarter. First Dallas Securities Inc. boosted its stake in United Parcel Service by 0.9% in the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company's stock worth $1,256,000 after purchasing an additional 102 shares during the period. TCV Trust & Wealth Management Inc. grew its position in United Parcel Service by 1.4% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock worth $830,000 after purchasing an additional 103 shares in the last quarter. Fortis Capital Advisors LLC lifted its holdings in shares of United Parcel Service by 3.4% in the first quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company's stock valued at $350,000 after purchasing an additional 104 shares in the last quarter. Finally, Wright Investors Service Inc. lifted its holdings in shares of United Parcel Service by 1.3% in the second quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company's stock valued at $793,000 after purchasing an additional 104 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
UPS has been the subject of several research analyst reports. BMO Capital Markets reissued a "market perform" rating and issued a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. JPMorgan Chase & Co. cut their price objective on shares of 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. Wells Fargo & Company cut their price target on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 30th. Oppenheimer decreased their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Finally, Evercore ISI cut their target price on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, United Parcel Service has an average rating of "Hold" and an average target price of $111.38.
Read Our Latest Stock Analysis on UPS
United Parcel Service Price Performance
Shares of UPS stock opened at $84.35 on Thursday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The company has a market capitalization of $71.49 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.54 and a beta of 1.10. The stock has a 50 day moving average of $86.88 and a two-hundred day moving average of $95.92. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.
United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.79 earnings per share. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.
United Parcel Service Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's dividend payout ratio is 97.62%.
Insiders Place Their Bets
In related news, CEO Carol B. Tome bought 11,682 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares of the company's stock, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William R. Johnson purchased 5,000 shares of the stock in a transaction on Thursday, July 31st. The stock was bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the transaction, the director directly owned 10,160 shares of the company's stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 17,182 shares of company stock worth $1,477,382 over the last quarter. Company insiders own 0.13% of the company's stock.
About United Parcel Service
(
Free Report)
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.
Further Reading
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