United Parcel Service, Inc. $UPS Stock Position Reduced by Waldron Private Wealth LLC

Waldron Private Wealth LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,035 shares of the transportation company’s stock after selling 250 shares during the period. Waldron Private Wealth LLC’s holdings in United Parcel Service were worth $407,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Founders Capital Management LLC grew its position in United Parcel Service by 8.3% in the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock worth $11,245,000 after acquiring an additional 8,579 shares in the last quarter. Gallacher Capital Management LLC bought a new stake in United Parcel Service in the first quarter worth approximately $620,000. Capital CS Group LLC grew its position in United Parcel Service by 3.6% in the second quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock worth $23,730,000 after acquiring an additional 8,070 shares in the last quarter. CX Institutional grew its position in United Parcel Service by 39.9% in the second quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock worth $6,073,000 after acquiring an additional 17,152 shares in the last quarter. Finally, Stephens Inc. AR grew its position in United Parcel Service by 20.1% in the second quarter. Stephens Inc. AR now owns 90,368 shares of the transportation company’s stock worth $9,122,000 after acquiring an additional 15,135 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on UPS. Truist Financial decreased their target price on shares of United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Barclays reduced their price objective on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a research note on Thursday, July 31st. UBS Group reduced their price objective on shares of 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 shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Finally, Wolfe Research reduced their price objective on shares of 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $109.31.

Insider Transactions at United Parcel Service

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

United Parcel Service Stock Performance

NYSE UPS opened at $87.21 on Monday. The company’s fifty day moving average is $85.52 and its two-hundred day moving average is $93.13. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $140.33. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $73.91 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.62 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share 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 company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the business posted $1.79 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 dividend on an annualized basis and a dividend yield of 7.5%. United Parcel Service’s dividend payout ratio (DPR) 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.