Strategic Investment Solutions Inc. IL Sells 329 Shares of United Parcel Service, Inc. $UPS

Strategic Investment Solutions Inc. IL lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 8.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,561 shares of the transportation company’s stock after selling 329 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in United Parcel Service were worth $359,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in United Parcel Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after acquiring an additional 999,832 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after acquiring an additional 1,780,807 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of United Parcel Service by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after acquiring an additional 4,988,044 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of United Parcel Service by 0.3% in the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock worth $815,633,000 after acquiring an additional 23,918 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of United Parcel Service by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock valued at $519,059,000 after purchasing an additional 171,303 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $82.62 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm has a market cap of $70.03 billion, a P/E ratio of 12.29, a PEG ratio of 1.55 and a beta of 1.08. The company has a 50 day moving average of $88.21 and a 200 day moving average of $96.80. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.79 earnings per share. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.9%. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Insiders Place Their Bets

In other news, Director William R. Johnson bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christiana Smith Shi bought 500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director directly owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 17,182 shares of company stock worth $1,477,382. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on UPS shares. Wells Fargo & Company lowered their price target on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 30th. UBS Group reduced their price target on United Parcel Service from $124.00 to $118.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 8th. Wall Street Zen cut United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Finally, Evercore ISI cut their price objective on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $111.44.

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.