United Parcel Service, Inc. $UPS Position Lessened by Xcel Wealth Management LLC

Key Points

• Xcel Wealth Management LLC reduced its stake in United Parcel Service, Inc. by 64.5% in the second quarter, now holding 4,424 shares valued at $447,000.
• CEO Carol B. Tome bought 11,682 shares of UPS stock worth approximately $1 million, increasing her ownership by 89.61%.
• The company announced a quarterly dividend of $1.64 per share, representing an annualized yield of 7.8%, with a payout ratio of 97.62%.

Xcel Wealth Management LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 64.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,424 shares of the transportation company's stock after selling 8,048 shares during the quarter. Xcel Wealth Management LLC's holdings in United Parcel Service were worth $447,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in shares of United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock worth $991,132,000 after acquiring an additional 4,988,044 shares during the period. Pacer Advisors Inc. boosted its stake in United Parcel Service by 1,056.6% during the 1st 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 during the period. Nuveen LLC bought a new position in United Parcel Service in the 1st quarter worth about $201,358,000. Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 7.7% in 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 during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of United Parcel Service by 443.6% during the second quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company's stock valued at $156,453,000 after buying an additional 1,264,842 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

United Parcel Service Stock Down 0.5%

NYSE UPS opened at $83.98 on Thursday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The company has a market capitalization of $71.18 billion, a P/E ratio of 12.50, a PEG ratio of 1.56 and a beta of 1.08. The company's 50 day simple moving average is $88.55 and its 200 day simple moving average is $97.06. 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 posted its quarterly 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). The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.79 EPS. Equities research analysts expect 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 was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. United Parcel Service's payout ratio is 97.62%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wolfe Research decreased their price objective on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a report on Tuesday, July 1st. Wall Street Zen cut United Parcel Service from a "hold" rating to a "sell" rating in a research note on Saturday, September 20th. Susquehanna lowered their price target on United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th. Bank of America reaffirmed an "underperform" rating and issued a $83.00 price objective (down previously from $91.00) on shares of United Parcel Service in a report on Thursday, September 11th. Finally, BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price for the company in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and a consensus price target of $111.44.

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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