SeaCrest Wealth Management LLC Lowers Holdings in United Parcel Service, Inc. (NYSE:UPS)

SeaCrest Wealth Management LLC lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,243 shares of the transportation company’s stock after selling 623 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in United Parcel Service were worth $715,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Perpetual Ltd increased its position in United Parcel Service by 6.1% during the 1st quarter. Perpetual Ltd now owns 8,407 shares of the transportation company’s stock worth $1,250,000 after purchasing an additional 486 shares during the period. Banque Cantonale Vaudoise grew its holdings in United Parcel Service by 16.1% during the first quarter. Banque Cantonale Vaudoise now owns 27,770 shares of the transportation company’s stock worth $4,128,000 after acquiring an additional 3,842 shares during the period. Cox Capital Mgt LLC raised its position in United Parcel Service by 19.7% in the first quarter. Cox Capital Mgt LLC now owns 11,486 shares of the transportation company’s stock worth $1,707,000 after acquiring an additional 1,891 shares in the last quarter. Wedmont Private Capital lifted its holdings in United Parcel Service by 10.3% in the first quarter. Wedmont Private Capital now owns 2,827 shares of the transportation company’s stock valued at $426,000 after acquiring an additional 265 shares during the period. Finally, First National Bank of Mount Dora Trust Investment Services boosted its position in shares of United Parcel Service by 8.0% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 33,688 shares of the transportation company’s stock worth $5,007,000 after purchasing an additional 2,507 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity

In other news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The trade was a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

UPS stock opened at $135.88 on Thursday. The stock has a market capitalization of $116.39 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The stock’s fifty day simple moving average is $129.82 and its 200-day simple moving average is $136.75. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. 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 (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). The business had revenue of $21.82 billion during 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 last year, the firm earned $2.54 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on UPS shares. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Oppenheimer reduced their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Barclays lowered their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Evercore ISI decreased their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. Finally, Bank of America dropped their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $151.24.

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.