Prime Capital Investment Advisors LLC Has $1.65 Million Position in United Parcel Service, Inc. $UPS

Prime Capital Investment Advisors LLC cut its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 49.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,359 shares of the transportation company's stock after selling 15,996 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in United Parcel Service were worth $1,651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bangor Savings Bank increased its holdings 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 worth $546,000 after buying an additional 101 shares during the last quarter. First Dallas Securities Inc. increased its holdings in United Parcel Service by 0.9% during the first quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company's stock worth $1,256,000 after buying an additional 102 shares during the last quarter. TCV Trust & Wealth Management Inc. increased its holdings in United Parcel Service by 1.4% during the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock worth $830,000 after buying an additional 103 shares during the last quarter. Fortis Capital Advisors LLC boosted its position in United Parcel Service by 3.4% during the first quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company's stock worth $350,000 after purchasing an additional 104 shares during the period. Finally, Wright Investors Service Inc. boosted its position in United Parcel Service by 1.3% during the second quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company's stock worth $793,000 after purchasing an additional 104 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on UPS shares. Galvan Research cut their target price on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, June 30th. Barclays cut their target price on shares of United Parcel Service from $90.00 to $80.00 and set an "underweight" rating for the company in a research report on Thursday, July 31st. UBS Group cut their target price on shares of 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. Truist Financial cut their target price on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $109.38.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome purchased 11,682 shares of the firm's stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares of the company's stock, valued at $2,117,591.06. The trade was a 89.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christiana Smith Shi purchased 500 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares of the company's stock, valued at approximately $44,085. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 17,182 shares of company stock worth $1,477,382 over the last three months. 0.13% of the stock is owned by insiders.

United Parcel Service Trading Up 0.3%

Shares of United Parcel Service stock opened at $86.27 on Thursday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The firm has a market cap of $73.12 billion, a PE ratio of 12.84, a PEG ratio of 1.58 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The company has a 50 day simple moving average of $85.79 and a two-hundred day simple moving average of $94.85.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the firm earned $1.79 earnings per share. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. Analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service's payout ratio is presently 97.62%.

About United Parcel Service

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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