United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Lowered by Independent Advisor Alliance

Key Points

• Independent Advisor Alliance has reduced its holdings in United Parcel Service by 14.9%, owning 39,387 shares worth approximately $4.33 million after selling 6,871 shares in the first quarter of the year.
• CEO Carol B. Tome and Director William R. Johnson increased their stakes in the company significantly, with Tome acquiring 11,682 shares and Johnson acquiring 5,000 shares in recent transactions.
• The company reported a quarterly earnings miss of $1.55 EPS, falling short of analysts' expectations of $1.56, alongside a revenue of $21.20 billion for the quarter.

Independent Advisor Alliance lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 39,387 shares of the transportation company's stock after selling 6,871 shares during the period. Independent Advisor Alliance's holdings in United Parcel Service were worth $4,332,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Cove Private Wealth LLC bought a new position in shares of United Parcel Service during the first quarter worth about $253,000. Linscomb Wealth Inc. grew its position in shares of United Parcel Service by 3.2% during the first quarter. Linscomb Wealth Inc. now owns 51,096 shares of the transportation company's stock worth $5,620,000 after acquiring an additional 1,587 shares during the last quarter. CCM Investment Group LLC bought a new position in United Parcel Service in the 1st quarter valued at about $5,468,000. Cobblestone Capital Advisors LLC NY grew its position in United Parcel Service by 207.9% in the 1st quarter. Cobblestone Capital Advisors LLC NY now owns 6,266 shares of the transportation company's stock valued at $689,000 after buying an additional 4,231 shares in the last quarter. Finally, Nuveen LLC bought a new position in United Parcel Service in the 1st quarter valued at about $201,358,000. Institutional investors own 60.26% of the company's stock.

Insider Activity at United Parcel Service

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

United Parcel Service Price Performance

NYSE UPS opened at $86.32 on Tuesday. The company has a 50 day simple moving average of $98.02 and a 200-day simple moving average of $103.91. 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 firm has a market capitalization of $73.10 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 1.58 and a beta of 1.12. United Parcel Service, Inc. has a 52-week low of $84.28 and a 52-week high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results 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 company 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% compared to the same quarter last year. During the same period last year, the company earned $1.79 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Stifel Canada decreased their target price on shares of United Parcel Service from $145.00 to $124.00 in a research report on Wednesday, April 30th. Stifel Nicolaus decreased their target price on shares of United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Argus decreased their target price on shares of United Parcel Service from $150.00 to $120.00 in a research report on Friday, May 23rd. Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Finally, Susquehanna decreased their target price on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and a consensus target price of $112.81.

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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