United Parcel Service, Inc. $UPS Shares Sold by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC reduced its holdings in United Parcel Service, Inc. by 10.7%, selling 5,676 shares to end with 47,417 shares worth approximately $5.22 million.
• Goldman Sachs Group Inc. significantly increased its position in UPS by 124%, now owning over 9 million shares valued at about $991 million.
• UPS reported earnings of $1.55 per share for the latest quarter, missing estimates by one cent, and experienced a 2.7% decrease in revenue year-over-year.

Integrated Wealth Concepts LLC reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,417 shares of the transportation company's stock after selling 5,676 shares during the period. Integrated Wealth Concepts LLC's holdings in United Parcel Service were worth $5,215,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Gallacher Capital Management LLC acquired a new position in shares of United Parcel Service during the 1st quarter worth about $620,000. Garde Capital Inc. acquired a new position in shares of United Parcel Service in the 1st quarter worth approximately $37,000. Golden State Wealth Management LLC raised its holdings in shares of United Parcel Service by 61.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock worth $173,000 after buying an additional 599 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of United Parcel Service by 5.9% in the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock worth $381,000 after buying an additional 193 shares in the last quarter. Finally, Advisor Resource Council bought a new stake in United Parcel Service during the 1st quarter worth approximately $437,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In other news, Director Christiana Smith Shi acquired 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 completion of the transaction, the director owned 500 shares of the company's stock, valued at $44,085. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carol B. Tome bought 11,682 shares of the business's stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Up 0.6%

Shares of UPS traded up $0.48 on Friday, reaching $84.96. The company's stock had a trading volume of 8,580,388 shares, compared to its average volume of 8,021,019. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $72.01 billion, a PE ratio of 12.64, a PEG ratio of 1.56 and a beta of 1.08. United Parcel Service, Inc. has a twelve month low of $83.67 and a twelve month high of $145.01. The firm has a fifty day moving average of $93.18 and a 200-day moving average of $99.96.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS 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 period last year, the business posted $1.79 earnings per share. The firm's quarterly revenue was down 2.7% on a year-over-year basis. Equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

Analyst Ratings Changes

A number of research analysts have commented on UPS shares. 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 research report on Wednesday, July 30th. Wells Fargo & Company dropped their price target on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 30th. Morgan Stanley reduced their price target on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a report on Wednesday, July 30th. Galvan Research reduced their price target on United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a report on Monday, June 30th. Finally, BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target for the company in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $112.59.

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.