Sequoia Financial Advisors LLC Sells 10,051 Shares of United Parcel Service, Inc. $UPS

Key Points

• Sequoia Financial Advisors LLC reduced its stake in United Parcel Service, Inc. by 10.2%, selling 10,051 shares and now holding a total of 88,471 shares valued at approximately $8.93 million.
• United Parcel Service's recent earnings report showed a miss on EPS by $0.01, reporting $1.55 per share against an expected $1.56, with year-over-year revenue declining by 2.7%.
• The company declared a quarterly dividend of $1.64 per share, resulting in an annualized dividend yield of 7.9% and a payout ratio of 97.62%.

Sequoia Financial Advisors LLC lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,471 shares of the transportation company's stock after selling 10,051 shares during the period. Sequoia Financial Advisors LLC's holdings in United Parcel Service were worth $8,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after acquiring an additional 4,723 shares during the period. Opal Wealth Advisors LLC acquired a new position in United Parcel Service in the first quarter valued at approximately $48,000. Dynamic Advisor Solutions LLC bought a new position in United Parcel Service during the first quarter worth $2,370,000. Ritholtz Wealth Management boosted its stake in United Parcel Service by 95.1% during the first quarter. Ritholtz Wealth Management now owns 4,531 shares of the transportation company's stock worth $498,000 after acquiring an additional 2,209 shares in the last quarter. Finally, Good Life Advisors LLC boosted its stake in United Parcel Service by 71.6% during the first quarter. Good Life Advisors LLC now owns 40,321 shares of the transportation company's stock worth $4,435,000 after acquiring an additional 16,826 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE UPS opened at $83.20 on Tuesday. The company has a market capitalization of $70.51 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The company has a 50-day simple moving average of $85.70 and a 200 day simple moving average of $94.04. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01.

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

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.9%. United Parcel Service's payout ratio is currently 97.62%.

Insider Activity at United Parcel Service

In other news, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price 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 in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christiana Smith Shi acquired 500 shares of United Parcel Service stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director owned 500 shares of the company's stock, valued at $44,085. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 17,182 shares of company stock valued at $1,477,382. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on UPS. Morgan Stanley dropped their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 30th. Vertical Research reissued a "hold" rating and set a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. Citigroup dropped their price target on shares of United Parcel Service from $114.00 to $112.00 and set a "buy" rating on the stock in a research report on Monday. Weiss Ratings reissued a "sell (d+)" rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Finally, BMO Capital Markets reissued a "market perform" rating and set a $96.00 price target (down 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 issued a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, United Parcel Service has a consensus rating of "Hold" and an average price target of $109.31.

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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