Blake Schutter Theil Wealth Advisors LLC Sells 805 Shares of United Parcel Service, Inc. $UPS

Blake Schutter Theil Wealth Advisors LLC cut its position in United Parcel Service, Inc. (NYSE:UPS) by 21.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,001 shares of the transportation company’s stock after selling 805 shares during the quarter. Blake Schutter Theil Wealth Advisors LLC’s holdings in United Parcel Service were worth $303,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in United Parcel Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock worth $7,274,323,000 after purchasing an additional 999,832 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in United Parcel Service by 7.7% in the first 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 in the last quarter. Goldman Sachs Group Inc. raised its holdings in United Parcel Service by 124.0% in the first 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 in the last quarter. Northern Trust Corp raised its holdings in United Parcel Service by 0.3% in the first quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock worth $815,633,000 after purchasing an additional 23,918 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in United Parcel Service by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock worth $519,059,000 after purchasing an additional 171,303 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $87.21 on Friday. The business’s 50 day moving average price is $85.52 and its 200 day moving average price is $93.18. The firm has a market cap of $73.91 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.62 and a beta of 1.10. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $140.33. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS) last issued its 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 net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter in the prior year, the company earned $1.79 EPS. United Parcel Service’s quarterly revenue was down 2.7% on a year-over-year basis. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.5%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is currently 97.62%.

Insiders Place Their Bets

In related news, Director Christiana Smith Shi acquired 500 shares of the stock in a transaction on Friday, August 22nd. The shares were acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director owned 500 shares in the company, valued at approximately $44,085. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carol B. Tome acquired 11,682 shares of the stock in a transaction on Friday, August 1st. The stock was bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, 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 position. 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. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of several recent analyst reports. UBS Group cut their price objective on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. BMO Capital Markets restated a “market perform” rating and set a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Morgan Stanley cut their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a report on Wednesday, July 30th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a report on Friday. Finally, BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $109.31.

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.