Drucker Wealth 3.0 LLC Cuts Stake in United Parcel Service, Inc. $UPS

Key Points

• Drucker Wealth 3.0 LLC has reduced its stake in United Parcel Service, Inc. by 21.9%, selling 4,406 shares and holding a total of 15,751 shares valued at approximately $1.6 million at the end of the second quarter.
• Several institutional investors have increased their holdings in UPS, with Founders Capital Management LLC growing its stake by 8.3% to own 111,405 shares, valued at about $11.2 million.
• United Parcel Service reported mixed quarterly earnings, with EPS of $1.55 falling short of estimates, despite revenues of $21.20 billion exceeding expectations.

Drucker Wealth 3.0 LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 21.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,751 shares of the transportation company's stock after selling 4,406 shares during the quarter. Drucker Wealth 3.0 LLC's holdings in United Parcel Service were worth $1,609,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Founders Capital Management LLC grew its position in United Parcel Service by 8.3% during the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company's stock valued at $11,245,000 after purchasing an additional 8,579 shares during the last quarter. Gallacher Capital Management LLC purchased a new stake in United Parcel Service during the 1st quarter valued at about $620,000. Garde Capital Inc. bought a new position in United Parcel Service during the 1st quarter valued at about $37,000. Capital CS Group LLC lifted its stake in United Parcel Service by 3.6% during the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company's stock valued at $23,730,000 after acquiring an additional 8,070 shares during the period. Finally, CX Institutional lifted its stake in United Parcel Service by 39.9% during the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company's stock valued at $6,073,000 after acquiring an additional 17,152 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $82.97 on Friday. The firm's 50 day moving average price is $85.74 and its 200-day moving average price is $94.45. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $70.32 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.57 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter last year, the company earned $1.79 EPS. United Parcel Service's revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.9%. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

Insiders Place Their Bets

In other news, Director William R. Johnson bought 5,000 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director owned 10,160 shares in the company, valued at approximately $878,840. The trade was a 96.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 17,182 shares of company stock worth $1,477,382. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on UPS. UBS Group lowered their target price on shares of United Parcel Service from $118.00 to $110.00 and set a "buy" rating on the stock in a research note on Friday, October 3rd. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price on the stock in a research note on Thursday, July 3rd. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $96.00 to $85.00 and set a "neutral" rating on the stock in a research note on Wednesday. Citigroup lowered their target price on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Finally, Galvan Research lowered their target price on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $109.38.

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.

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