Cahaba Wealth Management Inc. Decreases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cahaba Wealth Management Inc. trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,494 shares of the transportation company’s stock after selling 130 shares during the period. Cahaba Wealth Management Inc.’s holdings in United Parcel Service were worth $204,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in shares of United Parcel Service by 22.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 616,317 shares of the transportation company’s stock valued at $84,029,000 after buying an additional 111,821 shares in the last quarter. NovaPoint Capital LLC raised its holdings in shares of United Parcel Service by 9.8% during the 3rd quarter. NovaPoint Capital LLC now owns 1,674 shares of the transportation company’s stock valued at $228,000 after buying an additional 150 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in United Parcel Service by 4.5% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 8,062 shares of the transportation company’s stock worth $1,099,000 after purchasing an additional 346 shares during the period. Blue Trust Inc. increased its stake in United Parcel Service by 23.2% in the 3rd quarter. Blue Trust Inc. now owns 8,761 shares of the transportation company’s stock worth $1,199,000 after purchasing an additional 1,652 shares during the period. Finally, KMG Fiduciary Partners LLC increased its stake in United Parcel Service by 77.0% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 46,434 shares of the transportation company’s stock worth $6,331,000 after purchasing an additional 20,193 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. This trade represents a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 0.4 %

NYSE:UPS traded up $0.52 during trading hours on Friday, reaching $135.93. 3,237,527 shares of the company traded hands, compared to its average volume of 4,186,706. The business’s 50-day moving average price is $130.21 and its two-hundred day moving average price is $136.66. The stock has a market capitalization of $116.43 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.98 and a beta of 0.99. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.54 EPS. Analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 106.36%.

Wall Street Analyst Weigh In

UPS has been the topic of a number of analyst reports. Oppenheimer decreased their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Susquehanna decreased their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus decreased their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Robert W. Baird decreased their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $151.24.

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.