United Parcel Service, Inc. $UPS Shares Sold by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 93.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,125 shares of the transportation company's stock after selling 15,608 shares during the period. Quintet Private Bank Europe S.A.'s holdings in United Parcel Service were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UPS. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service during the 1st quarter worth approximately $26,000. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $27,000. Citizens National Bank Trust Department increased its stake in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $28,000. Finally, Hemington Wealth Management increased its stake in shares of United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after purchasing an additional 115 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 0.3%

Shares of UPS opened at $84.40 on Monday. The firm has a market cap of $71.53 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. The company's fifty day moving average is $91.22 and its two-hundred day moving average is $98.71. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two 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.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share 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 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 revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.79 EPS. Analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. 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 97.62%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director owned 500 shares of the company's stock, valued at $44,085. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Carol B. Tome purchased 11,682 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock worth $1,477,382 in the last quarter. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of recent research reports. Vertical Research reissued a "hold" rating and set a $103.00 price objective on shares of United Parcel Service in a research note on Wednesday, July 30th. Wall Street Zen raised shares of United Parcel Service from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. Argus lowered their target price on shares of United Parcel Service from $150.00 to $120.00 in a research note on Friday, May 23rd. Galvan Research lowered their target price on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, June 30th. Finally, Susquehanna lowered 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 note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $112.34.

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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