Phoenix Financial Ltd. Sells 12,036 Shares of United Parcel Service, Inc. $UPS

Phoenix Financial Ltd. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 76.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,662 shares of the transportation company’s stock after selling 12,036 shares during the quarter. Phoenix Financial Ltd.’s holdings in United Parcel Service were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cornerstone Wealth Group LLC raised its holdings in United Parcel Service by 3.9% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 97 shares during the period. Bangor Savings Bank raised its holdings in United Parcel Service by 1.9% during the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock valued at $546,000 after acquiring an additional 101 shares during the period. First Dallas Securities Inc. raised its holdings in United Parcel Service by 0.9% during the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock valued at $1,256,000 after acquiring an additional 102 shares during the period. TCV Trust & Wealth Management Inc. raised its holdings in United Parcel Service by 1.4% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock valued at $830,000 after acquiring an additional 103 shares during the period. Finally, Fortis Capital Advisors LLC raised its holdings in United Parcel Service by 3.4% during the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after acquiring an additional 104 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.3%

Shares of NYSE:UPS opened at $86.93 on Thursday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The firm has a fifty day moving average of $85.58 and a 200 day moving average of $93.26. The firm has a market capitalization of $73.68 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.63 and a beta of 1.10. 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 (NYSE:UPS) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter last year, the firm posted $1.79 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a $1.64 dividend. 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 payout ratio is 97.62%.

Insider Buying and Selling

In related news, CEO Carol B. Tome bought 11,682 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director directly owned 500 shares of the company’s stock, valued at $44,085. This represents a ? increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 17,182 shares of company stock worth $1,477,382. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Wall Street Zen lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Susquehanna reduced their price target on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, July 30th. BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. Finally, Vertical Research restated a “hold” rating and set a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. One investment 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 issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $109.31.

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.