United Parcel Service, Inc. $UPS Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. cut its position in United Parcel Service, Inc. (NYSE:UPS) by 47.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,484 shares of the transportation company’s stock after selling 3,084 shares during the period. Freedom Investment Management Inc.’s holdings in United Parcel Service were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in UPS. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service in the first quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service during the fourth quarter worth $27,000. Citizens National Bank Trust Department boosted its stake in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after buying an additional 210 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service during the fourth quarter worth $28,000. Finally, Hemington Wealth Management boosted its stake in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after buying an additional 115 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $87.86 on Thursday. United Parcel Service, Inc. has a 52 week low of $84.28 and a 52 week high of $145.01. The business’s fifty day simple moving average is $95.15 and its 200-day simple moving average is $101.48. The firm has a market cap of $74.47 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.61 and a beta of 1.12. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

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

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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%.

Analyst Ratings Changes

A number of equities analysts have weighed in on UPS shares. Jefferies Financial Group lowered their price objective on United Parcel Service from $150.00 to $130.00 in a research note on Wednesday, April 30th. Bernstein Bank boosted their price objective on United Parcel Service from $132.00 to $133.00 in a research note on Wednesday, April 30th. Wall Street Zen lowered United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Daiwa America lowered their price objective on United Parcel Service from $120.00 to $103.00 in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price objective 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, United Parcel Service has an average rating of “Hold” and an average target price of $112.81.

Insider Activity at United Parcel Service

In other news, Director Christiana Smith Shi acquired 500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carol B. Tome acquired 11,682 shares of the business’s stock in a transaction that occurred on 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 acquisition, the chief executive officer directly owned 24,718 shares in the company, 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. In the last 90 days, insiders have bought 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by company insiders.

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.