Ameriflex Group Inc. Sells 635 Shares of United Parcel Service, Inc. $UPS

Ameriflex Group Inc. trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 50.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 613 shares of the transportation company’s stock after selling 635 shares during the quarter. Ameriflex Group Inc.’s holdings in United Parcel Service were worth $62,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UPS. Goldman Sachs Group Inc. increased its holdings in 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 buying an additional 4,988,044 shares in the last quarter. Pacer Advisors Inc. increased its holdings in United Parcel Service by 1,056.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock worth $476,936,000 after buying an additional 3,961,255 shares in the last quarter. Nuveen LLC bought a new stake in shares of United Parcel Service during the 1st quarter valued at about $201,358,000. Charles Schwab Investment Management Inc. grew its stake 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 valued at $2,754,751,000 after purchasing an additional 1,780,807 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake 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 valued at $156,453,000 after purchasing an additional 1,264,842 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi acquired 500 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares of the company’s stock, valued at $44,085. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, the director directly owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 17,182 shares of company stock worth $1,477,382. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 1.4%

Shares of NYSE:UPS opened at $86.79 on Monday. The stock has a 50 day moving average of $86.20 and a 200 day moving average of $95.17. The company has a market cap of $73.56 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results 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 business had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same period in the prior year, the firm posted $1.79 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.6%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is presently 97.62%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on UPS shares. Wells Fargo & Company cut their price target on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 30th. Truist Financial cut their price target on United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Citigroup cut their price target on United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Stifel Nicolaus cut their price target on United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Finally, Wolfe Research cut their price target on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $110.16.

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.