Sax Wealth Advisors LLC Sells 2,907 Shares of United Parcel Service, Inc. $UPS

Key Points

• Sax Wealth Advisors LLC reduced its stake in United Parcel Service, Inc. by 46.7%, selling 2,907 shares and leaving them with 3,322 shares valued at $365,000.
• Goldman Sachs Group Inc. significantly increased its stake in UPS by 124.0%, acquiring an additional 4,988,044 shares valued at approximately $991 million.
• United Parcel Service announced a quarterly dividend of $1.64, with a yield of 7.4%, and a dividend payout ratio of 97.62%.

Sax Wealth Advisors LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 46.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,322 shares of the transportation company's stock after selling 2,907 shares during the period. Sax Wealth Advisors LLC's holdings in United Parcel Service were worth $365,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of United Parcel Service by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock valued at $991,132,000 after purchasing an additional 4,988,044 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of United Parcel Service by 1,056.6% during the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock valued at $476,936,000 after purchasing an additional 3,961,255 shares in the last quarter. Nuveen LLC bought a new position in shares of United Parcel Service during the first quarter valued at approximately $201,358,000. Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock valued at $2,754,751,000 after purchasing an additional 1,780,807 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in shares of United Parcel Service during the fourth quarter valued at approximately $145,846,000. 60.26% of the stock is owned by institutional investors.

Insider Activity at United Parcel Service

In related news, CEO Carol B. Tome bought 11,682 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares of the company's stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William R. Johnson bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director directly owned 10,160 shares of the company's stock, valued at $878,840. The trade was a 96.90% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.13% of the company's stock.

United Parcel Service Trading Up 3.0%

NYSE:UPS opened at $88.7140 on Monday. United Parcel Service, Inc. has a 52 week low of $84.28 and a 52 week 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 company's 50 day moving average price is $95.89 and its 200-day moving average price is $101.85. The stock has a market cap of $75.19 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.63 and a beta of 1.12.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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 return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. During the same quarter in the prior year, the business posted $1.79 EPS. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be issued a $1.64 dividend. The ex-dividend date is Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.4%. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Wall Street Analyst Weigh In

UPS has been the subject of a number of analyst reports. Jefferies Financial Group decreased their target price on shares of United Parcel Service from $150.00 to $130.00 in a research note on Wednesday, April 30th. Redburn Atlantic decreased their target price on shares of United Parcel Service from $137.00 to $117.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Morgan Stanley decreased their target price on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a research note on Wednesday, July 30th. HSBC cut shares of United Parcel Service from a "buy" rating to a "hold" rating and cut their price target for the company from $140.00 to $105.00 in a report on Thursday, May 1st. Finally, Vertical Research reiterated a "hold" rating and set a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of "Hold" and an average target price of $112.81.

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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