United Parcel Service, Inc. $UPS Stake Decreased by CMG Global Holdings LLC

CMG Global Holdings LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 27.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,911 shares of the transportation company's stock after selling 11,186 shares during the period. United Parcel Service accounts for about 1.6% of CMG Global Holdings LLC's investment portfolio, making the stock its 20th biggest holding. CMG Global Holdings LLC's holdings in United Parcel Service were worth $2,937,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UPS. Graybill Wealth Management LTD. acquired a new position in shares of United Parcel Service during the first quarter valued at approximately $26,000. Citizens National Bank Trust Department increased its stake in shares of United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after acquiring an additional 210 shares during the period. Hemington Wealth Management increased its stake in shares of United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after acquiring an additional 115 shares during the period. Saudi Central Bank acquired a new position in shares of United Parcel Service during the first quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of United Parcel Service during the first quarter valued at approximately $33,000. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on UPS. Bank of America lowered their price objective on shares of United Parcel Service from $83.00 to $81.00 and set an "underperform" rating on the stock in a research note on Friday, September 26th. Vertical Research reiterated a "hold" rating and set a $103.00 price objective on shares of United Parcel Service in a research note on Wednesday, July 30th. Barclays lowered their price objective on shares of United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a research note on Thursday, July 31st. Oppenheimer decreased their price target on shares of United Parcel Service from $114.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of United Parcel Service from $100.00 to $88.00 and set a "hold" rating on the stock in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $109.31.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was bought at an average price of $86.50 per share, with a total value of $432,500.00. Following the purchase, the director directly owned 10,160 shares of the company's stock, valued at approximately $878,840. This represents a 96.90% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director directly owned 500 shares in the company, 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 17,182 shares of company stock valued at $1,477,382 in the last quarter. Company insiders own 0.13% of the company's stock.

United Parcel Service Trading Up 1.0%

United Parcel Service stock opened at $86.48 on Monday. The company has a 50 day moving average price of $85.58 and a 200 day moving average price of $93.41. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. 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 firm has a market capitalization of $73.30 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 1.60 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same period in the prior year, the business posted $1.79 EPS. The company's revenue for the quarter was down 2.7% on a year-over-year basis. Research analysts forecast 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 $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.6%. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.