United Parcel Service, Inc. $UPS Stock Position Decreased by Marks Group Wealth Management Inc

Key Points

• Marks Group Wealth Management Inc decreased its holdings in United Parcel Service, Inc. (UPS) by 17.3% in Q2, now owning 15,629 shares valued at approximately $1.58 million.
• UPS reported a quarterly EPS of $1.55, missing estimates and seeing a 2.7% decline in revenue year-over-year, while an announced dividend of $1.64 per share represents a 7.6% yield.
• Analysts have lowered price targets for UPS, with a consensus rating of "Hold" and a price target of $110.16, as institutional ownership now stands at 60.26%.

Marks Group Wealth Management Inc lowered its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 17.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,629 shares of the transportation company's stock after selling 3,261 shares during the period. Marks Group Wealth Management Inc's holdings in United Parcel Service were worth $1,578,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in UPS. Brighton Jones LLC boosted its stake in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after purchasing an additional 4,723 shares during the period. Vest Financial LLC boosted its position in shares of United Parcel Service by 73.5% during the first quarter. Vest Financial LLC now owns 8,436 shares of the transportation company's stock worth $928,000 after buying an additional 3,574 shares during the period. LexAurum Advisors LLC boosted its position in shares of United Parcel Service by 40.2% during the first quarter. LexAurum Advisors LLC now owns 3,851 shares of the transportation company's stock worth $424,000 after buying an additional 1,104 shares during the period. Wedmont Private Capital grew its holdings in United Parcel Service by 25.4% in the 1st quarter. Wedmont Private Capital now owns 3,930 shares of the transportation company's stock worth $432,000 after buying an additional 797 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its position in United Parcel Service by 18.8% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 6,635 shares of the transportation company's stock valued at $730,000 after acquiring an additional 1,051 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Performance

Shares of UPS opened at $86.61 on Tuesday. 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's 50 day moving average is $85.91 and its 200-day moving average is $94.97. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. The stock has a market capitalization of $73.41 billion, a P/E ratio of 12.89, 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 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). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the firm posted $1.79 EPS. The company's quarterly revenue was down 2.7% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's dividend payout ratio is currently 97.62%.

Insider Buying and Selling

In related news, Director Christiana Smith Shi purchased 500 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director owned 500 shares of the company's stock, valued at $44,085. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction on Friday, August 1st. The shares were purchased 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 directly 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. In the last quarter, insiders have purchased 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UPS. Oppenheimer reduced their price target on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Susquehanna reduced their price objective on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. Barclays lowered their target price 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. UBS Group reduced their price target on shares of United Parcel Service from $118.00 to $110.00 and set a "buy" rating for the company in a research note on Friday. Finally, Wells Fargo & Company lowered their price objective on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $110.16.

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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