Defined Wealth Management LLC Sells 173 Shares of United Parcel Service, Inc. (NYSE:UPS)

Defined Wealth Management LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,414 shares of the transportation company’s stock after selling 173 shares during the quarter. Defined Wealth Management LLC’s holdings in United Parcel Service were worth $467,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UPS. Northwest Financial Advisors bought a new position in United Parcel Service during the fourth quarter valued at approximately $28,000. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service during the second quarter valued at about $28,000. Security National Bank bought a new position in shares of United Parcel Service in the 4th quarter worth approximately $31,000. Pineridge Advisors LLC bought a new position in United Parcel Service in the fourth quarter worth $31,000. Finally, Riverview Trust Co purchased a new position in United Parcel Service during the 2nd quarter valued at about $32,000. 60.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on UPS. Evercore ISI reduced their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Stifel Nicolaus lowered their price objective on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Barclays cut their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. decreased their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $151.20.

United Parcel Service Stock Down 1.2 %

Shares of United Parcel Service stock opened at $127.40 on Friday. The firm’s 50 day moving average price is $131.77 and its 200-day moving average price is $140.83. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $164.25. The company has a market cap of $109.13 billion, a P/E ratio of 18.46, a PEG ratio of 1.89 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results 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 analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

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.