Peterson Wealth Services Lowers Holdings in United Parcel Service, Inc. $UPS

Peterson Wealth Services lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,131 shares of the transportation company’s stock after selling 149 shares during the quarter. Peterson Wealth Services’ holdings in United Parcel Service were worth $114,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new position in United Parcel Service in the 1st quarter worth $26,000. Citizens National Bank Trust Department increased its position in shares of 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 acquiring an additional 210 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new position in shares of United Parcel Service in the second quarter valued at about $26,000. Hemington Wealth Management increased its position in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 115 shares during the period. Finally, Saudi Central Bank purchased a new position in shares of United Parcel Service in the first quarter valued at about $32,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UPS shares. Evercore ISI reduced their price target on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research note on Friday. Oppenheimer dropped their target price on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Vertical Research reiterated a “hold” rating and issued a $103.00 target price on shares of United Parcel Service in a research note on Wednesday, July 30th. Finally, UBS Group dropped their target price on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $109.31.

Insider Activity

In other news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The shares were acquired at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director owned 500 shares in the company, valued at $44,085. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the purchase, the chief executive officer owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Up 0.2%

Shares of UPS stock opened at $87.21 on Friday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $140.33. The stock has a market cap of $73.91 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.61 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. The company has a 50 day simple moving average of $85.52 and a two-hundred day simple moving average of $93.17.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the company earned $1.79 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

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

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.