RWA Wealth Partners LLC Has $1.63 Million Position in United Parcel Service, Inc. $UPS

Key Points

• RWA Wealth Partners LLC significantly reduced its stake in United Parcel Service, Inc. by 81.7% during the first quarter, holding now 14,836 shares worth approximately $1.63 million.
• Several hedge funds have recently adjusted their positions in UPS, with 60.26% of the stock now owned by institutional investors and hedge funds.
• UPS has seen multiple analyst downgrades, with target prices decreasing significantly, while an average rating of "Hold" and a consensus target price of $112.81 suggest cautious optimism from analysts.

RWA Wealth Partners LLC reduced its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 81.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,836 shares of the transportation company's stock after selling 66,438 shares during the period. RWA Wealth Partners LLC's holdings in United Parcel Service were worth $1,632,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of UPS. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service in the first quarter worth $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service in the fourth quarter worth $27,000. Citizens National Bank Trust Department raised its holdings in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service in the fourth quarter worth $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in United Parcel Service in the fourth quarter worth $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPS has been the topic of several analyst reports. Jefferies Financial Group cut their target price on shares of United Parcel Service from $150.00 to $130.00 in a report on Wednesday, April 30th. Citigroup lowered their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Stifel Canada lowered their price objective on shares of United Parcel Service from $145.00 to $124.00 in a research report on Wednesday, April 30th. Daiwa America lowered their price objective on shares of United Parcel Service from $120.00 to $103.00 in a research report on Wednesday, April 30th. Finally, HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $140.00 to $105.00 in a research report on Thursday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, United Parcel Service has an average rating of "Hold" and a consensus target price of $112.81.

United Parcel Service Stock Up 1.4%

United Parcel Service stock opened at $87.7170 on Wednesday. The company has a market cap of $74.35 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.59 and a beta of 1.12. United Parcel Service, Inc. has a 1-year low of $84.28 and a 1-year high of $145.01. The company has a fifty day simple moving average of $96.69 and a 200 day simple moving average of $102.44. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

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

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be paid a $1.64 dividend. The ex-dividend date is Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.5%. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Insiders Place Their Bets

In other news, Director William R. Johnson purchased 5,000 shares of the business's stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carol B. Tome purchased 11,682 shares of the business's stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer owned 24,718 shares of the company's stock, valued at approximately $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. Company insiders own 0.13% of the company's stock.

United Parcel Service Company 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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