United Parcel Service, Inc. $UPS Shares Sold by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 21.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,607 shares of the transportation company’s stock after selling 715 shares during the period. Sax Wealth Advisors LLC’s holdings in United Parcel Service were worth $263,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in UPS. Brighton Jones LLC lifted its stake in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 4,723 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in United Parcel Service by 24.8% during the first quarter. Farther Finance Advisors LLC now owns 12,527 shares of the transportation company’s stock worth $1,369,000 after purchasing an additional 2,486 shares in the last quarter. MV Capital Management Inc. lifted its stake in United Parcel Service by 51.5% during the first quarter. MV Capital Management Inc. now owns 547 shares of the transportation company’s stock worth $60,000 after purchasing an additional 186 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its stake in United Parcel Service by 6.3% during the first quarter. McKinley Carter Wealth Services Inc. now owns 11,787 shares of the transportation company’s stock worth $1,296,000 after purchasing an additional 703 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in United Parcel Service by 11.1% during the first quarter. Simon Quick Advisors LLC now owns 4,516 shares of the transportation company’s stock worth $497,000 after purchasing an additional 450 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

NYSE:UPS opened at $85.28 on Friday. The firm has a market capitalization of $72.28 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.59 and a beta of 1.10. The business’s fifty day moving average price is $85.77 and its 200 day moving average price is $94.64. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. 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 earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The business had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.79 EPS. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.7%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is currently 97.62%.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson acquired 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, for a total transaction of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. The trade was a 96.90% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Carol B. Tome acquired 11,682 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at $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. Insiders purchased 17,182 shares of company stock worth $1,477,382 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on UPS. Deutsche Bank Aktiengesellschaft decreased their price target on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Stifel Nicolaus cut their price objective on United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Bank of America cut their price objective on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. BNP Paribas raised United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. Finally, Citigroup cut their price objective on United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $109.38.

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.