Bogart Wealth LLC Sells 25,272 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bogart Wealth LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 98.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 448 shares of the transportation company’s stock after selling 25,272 shares during the quarter. Bogart Wealth LLC’s holdings in United Parcel Service were worth $61,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares during the period. Marshall Wace LLP grew its holdings in United Parcel Service by 284.8% in the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after buying an additional 1,901,914 shares during the last quarter. Spirepoint Private Client LLC bought a new position in United Parcel Service in the 1st quarter worth approximately $160,787,000. Interval Partners LP acquired a new position in shares of United Parcel Service during the first quarter worth approximately $90,099,000. Finally, Maj Invest Holding A S bought a new stake in shares of United Parcel Service in the second quarter valued at approximately $63,604,000. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. UBS Group cut their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Evercore ISI boosted their price target on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday. Susquehanna cut their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, Wells Fargo & Company lifted their price objective on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.05.

United Parcel Service Stock Performance

United Parcel Service stock opened at $138.35 on Friday. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The stock has a 50-day simple moving average of $130.54 and a 200 day simple moving average of $136.15. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $118.51 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 1.93 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.54 earnings per share. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.71%. United Parcel Service’s payout ratio is 106.36%.

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.