Beverly Hills Private Wealth LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 80.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,227 shares of the transportation company's stock after selling 9,349 shares during the quarter. Beverly Hills Private Wealth LLC's holdings in United Parcel Service were worth $225,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Brighton Jones LLC grew its holdings in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after buying an additional 4,723 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in United Parcel Service by 12.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 166,943 shares of the transportation company's stock valued at $18,362,000 after buying an additional 18,692 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in United Parcel Service by 61.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 4,566 shares of the transportation company's stock valued at $502,000 after buying an additional 1,730 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in United Parcel Service by 8.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 62,263 shares of the transportation company's stock valued at $6,848,000 after buying an additional 5,097 shares in the last quarter. Finally, Narwhal Capital Management acquired a new position in United Parcel Service in the 1st quarter valued at $533,000. 60.26% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Price Performance
Shares of UPS stock opened at $88.07 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The company has a market cap of $74.64 billion, a P/E ratio of 13.11, a P/E/G ratio of 1.61 and a beta of 1.10. The business has a fifty day simple moving average of $85.61 and a 200 day simple moving average of $93.30.
United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the prior year, the company earned $1.79 earnings per share. United Parcel Service's quarterly revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Monday, August 18th. United Parcel Service's dividend payout ratio is currently 97.62%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on UPS. Truist Financial decreased their price objective on United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Citigroup cut their target price on United Parcel Service from $114.00 to $112.00 and set a "buy" rating for the company in a research report on Monday, October 13th. UBS Group cut their target price on United Parcel Service from $118.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, October 3rd. Vertical Research reiterated a "hold" rating and set a $103.00 target price on shares of United Parcel Service in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on United Parcel Service from $100.00 to $88.00 and set a "hold" rating for the company in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $109.31.
Read Our Latest Report on UPS
Insider Buying and Selling
In other United Parcel Service news, Director Christiana Smith Shi acquired 500 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director directly owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Carol B. Tome acquired 11,682 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. The trade was a 89.61% 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 in the last ninety days. 0.13% of the stock is owned by insiders.
United Parcel Service Company Profile
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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.
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