United Parcel Service, Inc. $UPS Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 13.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,963 shares of the transportation company’s stock after selling 2,840 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in United Parcel Service were worth $1,813,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new position in United Parcel Service in the first quarter valued at approximately $26,000. Citizens National Bank Trust Department lifted its stake in 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 buying an additional 210 shares during the last quarter. Hemington Wealth Management lifted its stake in 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 buying an additional 115 shares during the last quarter. Saudi Central Bank purchased a new stake in United Parcel Service in the first quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in United Parcel Service in the first quarter valued at approximately $33,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In other news, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction on Friday, August 1st. The shares were bought at an average price of $85.67 per share, with a total value 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. This trade represents a 89.61% increase in their ownership of the stock. The acquisition 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 stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director directly owned 500 shares of the company’s stock, valued at $44,085. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 17,182 shares of company stock valued at $1,477,382. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on UPS shares. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a research note on Tuesday, July 8th. UBS Group reduced their price objective on United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Wall Street Zen cut United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Galvan Research cut their price target on United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, June 30th. Finally, Wolfe Research cut their price target on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $110.16.

United Parcel Service Trading Down 0.7%

Shares of UPS stock opened at $86.01 on Wednesday. The business’s fifty day moving average price is $85.81 and its 200 day moving average price is $94.91. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The firm has a market capitalization of $72.90 billion, a PE ratio of 12.80, a P/E/G ratio of 1.60 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data 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 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 company’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.79 EPS. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service’s dividend payout ratio is 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.