Sunbelt Securities Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 0.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,414 shares of the transportation company’s stock after selling 152 shares during the quarter. Sunbelt Securities Inc.’s holdings in United Parcel Service were worth $3,137,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Pacific Center for Financial Services bought a new position in shares of United Parcel Service during the 1st quarter valued at approximately $25,000. Worth Asset Management LLC purchased a new position in United Parcel Service during the first quarter valued at approximately $27,000. Dark Forest Capital Management LP bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $31,000. Carderock Capital Management Inc. purchased a new stake in shares of United Parcel Service in the first quarter worth $32,000. Finally, Centerpoint Advisors LLC raised its position in shares of United Parcel Service by 205.0% during the 1st quarter. Centerpoint Advisors LLC now owns 183 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 123 shares during the period. Institutional investors own 58.45% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on UPS. UBS Group lowered United Parcel Service from a “buy” rating to a “neutral” rating and cut their price target for the stock from $198.00 to $185.00 in a research note on Wednesday, August 9th. Stephens reiterated an “equal weight” rating and issued a $195.00 price target on shares of United Parcel Service in a research note on Tuesday. Oppenheimer increased their price target on United Parcel Service from $188.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Credit Suisse Group cut their price target on United Parcel Service from $204.00 to $194.00 and set a “neutral” rating for the company in a research note on Wednesday, August 9th. Finally, Loop Capital lowered United Parcel Service from a “buy” rating to a “hold” rating and cut their price target for the stock from $210.00 to $195.00 in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $187.38.
United Parcel Service Stock Down 2.7 %
Shares of NYSE:UPS opened at $156.59 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.97. United Parcel Service, Inc. has a 12 month low of $154.87 and a 12 month high of $197.80. The company has a 50-day moving average price of $176.53 and a 200 day moving average price of $178.75. The company has a market cap of $133.80 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.67 and a beta of 1.09.
United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.05. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $23.04 billion. United Parcel Service had a net margin of 10.41% and a return on equity of 51.28%. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.29 EPS. As a group, equities research analysts predict that United Parcel Service, Inc. will post 9.7 earnings per share for the current year.
United Parcel Service Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 14th were paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.14%. The ex-dividend date was Friday, August 11th. United Parcel Service’s payout ratio is currently 56.20%.
Insiders Place Their Bets
In other news, insider Nando Cesarone sold 22,825 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $171.70, for a total transaction of $3,919,052.50. Following the transaction, the insider now directly owns 1 shares of the company’s stock, valued at $171.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.12% of the stock is owned by 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 letters, documents, small packages, and palletized freight through air and ground services in the United States.
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