United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Lessened by Waldron Private Wealth LLC

Waldron Private Wealth LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 11.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,246 shares of the transportation company’s stock after selling 428 shares during the period. Waldron Private Wealth LLC’s holdings in United Parcel Service were worth $443,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. Elevated Capital Advisors LLC grew its holdings in United Parcel Service by 10.8% during the first quarter. Elevated Capital Advisors LLC now owns 3,481 shares of the transportation company’s stock valued at $517,000 after purchasing an additional 338 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in United Parcel Service during the first quarter valued at approximately $111,000. St. Johns Investment Management Company LLC grew its stake in shares of United Parcel Service by 58.8% in the first quarter. St. Johns Investment Management Company LLC now owns 4,466 shares of the transportation company’s stock worth $664,000 after acquiring an additional 1,654 shares during the last quarter. Corundum Group Inc. grew its stake in shares of United Parcel Service by 73.7% in the first quarter. Corundum Group Inc. now owns 7,309 shares of the transportation company’s stock worth $1,086,000 after acquiring an additional 3,102 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of United Parcel Service by 0.6% in the first quarter. Wealthcare Advisory Partners LLC now owns 45,672 shares of the transportation company’s stock worth $6,788,000 after acquiring an additional 292 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE UPS opened at $131.33 on Wednesday. The stock has a market capitalization of $112.49 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 2.00 and a beta of 0.99. The stock’s 50 day moving average price is $130.44 and its two-hundred day moving average price is $136.19. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82.

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). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the company earned $2.54 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders 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 dividend yield of 4.96%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 106.36%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Oppenheimer lowered their price objective on shares of 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. Evercore ISI raised their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday. Stephens lowered their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, Baird R W raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $151.05.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. This trade represents a 3,100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Company 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.