United Parcel Service, Inc. $UPS Stock Position Reduced by Sagespring Wealth Partners LLC

Key Points

• Sagespring Wealth Partners LLC reduced its stake in United Parcel Service, Inc. by 25.5%, bringing their total shares owned to 15,077 with a value of $1,522,000.
• Goldman Sachs and Pacer Advisors significantly increased their positions in United Parcel Service during the first quarter, with Goldman Sachs raising its stake by 124% and Pacer Advisors by 1,056.6%.
• Analysts have lowered price targets for United Parcel Service stock, with the consensus rating currently a "Hold" and an average price target of $109.31.

Sagespring Wealth Partners LLC lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 25.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,077 shares of the transportation company's stock after selling 5,164 shares during the period. Sagespring Wealth Partners LLC's holdings in United Parcel Service were worth $1,522,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in shares of United Parcel Service by 124.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock worth $991,132,000 after purchasing an additional 4,988,044 shares during the period. Pacer Advisors Inc. raised its position in shares of 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 worth $476,936,000 after purchasing an additional 3,961,255 shares during the period. Nuveen LLC acquired a new stake in shares of United Parcel Service during the 1st quarter worth approximately $201,358,000. Charles Schwab Investment Management Inc. raised its position in shares of United Parcel Service by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock worth $2,754,751,000 after purchasing an additional 1,780,807 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of United Parcel Service by 443.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company's stock worth $156,453,000 after purchasing an additional 1,264,842 shares during the period. Institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BMO Capital Markets reiterated a "market perform" rating and set a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Citigroup dropped their price target on United Parcel Service from $114.00 to $112.00 and set a "buy" rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft dropped their price target on 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. Morgan Stanley lowered their target price on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 30th. Finally, Susquehanna lowered their target price on United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $109.31.

United Parcel Service Stock Up 0.9%

Shares of UPS stock opened at $83.97 on Wednesday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The stock has a market cap of $71.17 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. The business's fifty day moving average is $85.65 and its 200-day moving average is $93.97. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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 net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the business posted $1.79 earnings per share. The firm's revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared 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 was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. United Parcel Service's dividend payout ratio (DPR) is 97.62%.

Insider Activity

In related news, Director Christiana Smith Shi acquired 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The stock was acquired 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 $44,085. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The shares were 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 in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by company insiders.

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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