Private Wealth Asset Management LLC Reduces Position in United Parcel Service, Inc. $UPS

Private Wealth Asset Management LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 15.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,319 shares of the transportation company’s stock after selling 1,007 shares during the period. Private Wealth Asset Management LLC’s holdings in United Parcel Service were worth $537,000 as of its most recent SEC filing.

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

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director owned 500 shares of the company’s stock, valued at $44,085. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 17,182 shares of company stock worth $1,477,382. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UPS shares. Citigroup decreased their target price on United Parcel Service from $114.00 to $112.00 and set a “buy” rating for the company in a research note on Monday. Bank of America decreased their target price on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. Susquehanna decreased their target price on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. One equities research 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $109.31.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $83.97 on Wednesday. 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 stock has a 50 day simple moving average of $85.65 and a 200-day simple moving average of $93.97. The company has a market cap of $71.17 billion, a PE ratio of 12.50, a P/E/G ratio of 1.53 and a beta of 1.10. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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). The business had revenue of $21.20 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.79 earnings per share. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders 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 dividend yield of 7.8%. United Parcel Service’s payout ratio is currently 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.