Freestone Capital Holdings LLC Has $345,000 Holdings in United Parcel Service, Inc. $UPS

Freestone Capital Holdings LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,139 shares of the transportation company’s stock after selling 248 shares during the quarter. Freestone Capital Holdings LLC’s holdings in United Parcel Service were worth $345,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pinney & Scofield Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service in the fourth quarter valued at about $28,000. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service in the first quarter valued at about $26,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at about $31,000. Finally, Citizens National Bank Trust Department boosted its stake in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after buying an additional 210 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on UPS. Galvan Research cut their price target on United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, June 30th. Wells Fargo & Company cut their price target on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 30th. Hsbc Global Res lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Citigroup cut their price target on United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. cut their price target on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $112.81.

United Parcel Service Trading Down 2.2%

Shares of UPS stock opened at $86.52 on Tuesday. The company has a market cap of $73.33 billion, a P/E ratio of 12.88, a PEG ratio of 1.62 and a beta of 1.12. The stock has a 50 day simple moving average of $96.98 and a two-hundred day simple moving average of $102.54. 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, Inc. has a fifty-two week low of $84.28 and a fifty-two week high of $145.01.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data 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 firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.79 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be issued a dividend of $1.64 per share. The ex-dividend date is Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.6%. United Parcel Service’s payout ratio is currently 97.62%.

Insider Activity at United Parcel Service

In other news, CEO Carol B. Tome acquired 11,682 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. The trade was a 89.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the acquisition, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.13% of the company’s stock.

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.