Safe Harbor Fiduciary LLC Sells 305 Shares of United Parcel Service, Inc. $UPS

Safe Harbor Fiduciary LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,736 shares of the transportation company’s stock after selling 305 shares during the period. United Parcel Service accounts for about 1.6% of Safe Harbor Fiduciary LLC’s holdings, making the stock its 19th biggest holding. Safe Harbor Fiduciary LLC’s holdings in United Parcel Service were worth $1,511,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pinney & Scofield Inc. bought a new position in United Parcel Service in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $28,000. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service in the first quarter valued at approximately $26,000. Citizens National Bank Trust Department raised its holdings 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 purchasing an additional 210 shares during the last quarter. Finally, Hemington Wealth Management raised its holdings 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 purchasing an additional 115 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In related news, Director Christiana Smith Shi acquired 500 shares of the firm’s stock in a transaction 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 completion of the acquisition, the director directly owned 500 shares in the company, valued at approximately $44,085. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Carol B. Tome acquired 11,682 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was bought 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 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 disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock worth $1,477,382 over the last ninety days. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on UPS. Galvan Research lowered their price objective on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, June 30th. UBS Group lowered their price objective on shares of United Parcel Service from $124.00 to $118.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Wall Street Zen downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Redburn Atlantic lowered their price objective on shares of United Parcel Service from $137.00 to $117.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $112.81.

United Parcel Service Price Performance

Shares of UPS opened at $87.25 on Friday. The company has a market cap of $73.95 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.61 and a beta of 1.12. United Parcel Service, Inc. has a 1-year low of $84.28 and a 1-year high of $145.01. The company’s fifty day simple moving average is $94.91 and its 200 day simple moving average is $101.29. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The firm 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%.United Parcel Service’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.79 earnings per share. On average, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, August 18th. United Parcel Service’s payout ratio is currently 97.62%.

United Parcel Service 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.