Tritonpoint Wealth LLC Sells 5,102 Shares of United Parcel Service, Inc. $UPS

Key Points

• Tritonpoint Wealth LLC reduced its holdings in United Parcel Service (UPS) by 24.6%, selling 5,102 shares during the second quarter; after the sale, it owns 15,605 shares valued at approximately $1.575 million.
• United Parcel Service recently reported earnings of $1.55 per share, missing analysts' expectations of $1.56, with quarterly revenue of $21.20 billion, slightly above estimates.
• The company announced a quarterly dividend of $1.64 per share, translating to an annualized yield of 7.8%, with a high dividend payout ratio of 97.62%.

Tritonpoint Wealth LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 24.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,605 shares of the transportation company's stock after selling 5,102 shares during the quarter. Tritonpoint Wealth LLC's holdings in United Parcel Service were worth $1,575,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Juncture Wealth Strategies LLC increased its holdings in United Parcel Service by 2.5% in the first quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock valued at $454,000 after purchasing an additional 101 shares during the period. Bangor Savings Bank increased its position in shares of 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 period. First Dallas Securities Inc. increased its position in shares of 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 period. TCV Trust & Wealth Management Inc. increased its position in shares of 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 period. Finally, Fortis Capital Advisors LLC increased its position in shares of 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 buying an additional 104 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 1.4%

Shares of NYSE UPS opened at $83.74 on Friday. The stock has a market capitalization of $70.98 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.54 and a beta of 1.08. The company has a 50-day moving average price of $87.90 and a 200-day moving average price of $96.45. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.79 earnings per share. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Insider Activity

In other United Parcel Service news, Director Christiana Smith Shi acquired 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares of the company's stock, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly 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. Insiders acquired 17,182 shares of company stock worth $1,477,382 over the last three months. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group decreased their price objective on shares of United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. BMO Capital Markets reiterated a "market perform" rating and set a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Wolfe Research decreased their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a research report on Tuesday, July 1st. Barclays decreased their price objective 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. Finally, Morgan Stanley decreased their price target 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $111.38.

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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