Kingsview Wealth Management LLC Cuts Stock Position in United Parcel Service, Inc. $UPS

Key Points

• Kingsview Wealth Management LLC trimmed its stake in United Parcel Service by 34.1% in Q3, selling 13,205 shares and leaving it with 25,480 shares valued at about $2.13 million.
• Insider Norman M. Brothers Jr. sold 25,014 UPS shares on Jan. 28 at an average price of $106.15 (roughly $2.66 million), and company insiders now own just 0.13% of the stock.
• UPS beat quarterly estimates with EPS of $2.38 (vs. $2.20 consensus) on $24.48B revenue and announced a quarterly dividend of $1.64 (annualized $6.56), implying a 5.9% yield and a 100% payout ratio.

Kingsview Wealth Management LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 34.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,480 shares of the transportation company's stock after selling 13,205 shares during the period. Kingsview Wealth Management LLC's holdings in United Parcel Service were worth $2,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. CFS Investment Advisory Services LLC lifted its holdings in United Parcel Service by 2.6% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company's stock worth $372,000 after purchasing an additional 108 shares in the last quarter. Center for Financial Planning Inc. raised its position in shares of United Parcel Service by 4.6% during the third quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company's stock valued at $214,000 after buying an additional 112 shares during the last quarter. Wealth Advisory Solutions LLC lifted its holdings in shares of United Parcel Service by 2.3% in the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company's stock worth $431,000 after buying an additional 118 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of United Parcel Service by 14.8% during the second quarter. Westside Investment Management Inc. now owns 960 shares of the transportation company's stock worth $97,000 after acquiring an additional 124 shares during the last quarter. Finally, Country Trust Bank grew its stake in United Parcel Service by 4.8% during the second quarter. Country Trust Bank now owns 2,747 shares of the transportation company's stock valued at $277,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company's stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by company insiders.

United Parcel Service Stock Down 2.4%

NYSE UPS opened at $110.52 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $123.70. The firm has a market capitalization of $93.84 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 1.79 and a beta of 1.08. The company has a fifty day moving average of $109.98 and a two-hundred day moving average of $97.31.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The business had revenue of $24.48 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the firm posted $2.75 earnings per share. The business's revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Tuesday, February 17th. United Parcel Service's payout ratio is 100.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Susquehanna raised their price objective on United Parcel Service from $105.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, January 20th. Stephens raised their price target on United Parcel Service from $113.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, January 28th. Jefferies Financial Group lifted their price objective on United Parcel Service from $115.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Weiss Ratings upgraded United Parcel Service from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, February 6th. Finally, Wells Fargo & Company boosted their price target on shares of United Parcel Service from $96.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $113.67.

United Parcel Service Company Profile

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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