Onyx Bridge Wealth Group LLC Sells 163 Shares of United Parcel Service, Inc. $UPS

Onyx Bridge Wealth Group LLC decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,961 shares of the transportation company’s stock after selling 163 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in United Parcel Service were worth $299,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Cornerstone Wealth Group LLC increased its holdings in shares of United Parcel Service by 3.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock worth $258,000 after buying an additional 97 shares during the last quarter. Bangor Savings Bank increased its holdings in shares of United Parcel Service by 1.9% in the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock worth $546,000 after buying an additional 101 shares during the last quarter. First Dallas Securities Inc. increased its holdings in shares of United Parcel Service by 0.9% in the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after buying an additional 102 shares during the last quarter. TCV Trust & Wealth Management Inc. increased its holdings in shares of United Parcel Service by 1.4% in the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock worth $830,000 after buying an additional 103 shares during the last quarter. Finally, Fortis Capital Advisors LLC increased its holdings in shares of United Parcel Service by 3.4% in the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock worth $350,000 after buying an additional 104 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi purchased 500 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Carol B. Tome purchased 11,682 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 17,182 shares of company stock valued at $1,477,382 in the last three months. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays reduced their target price on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, July 31st. UBS Group reduced their target price on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Truist Financial reduced their target price on shares of United Parcel Service from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Wells Fargo & Company reduced their target price on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 30th. Finally, Wolfe Research reduced their target price on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $109.31.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $86.93 on Thursday. The firm has a market cap of $73.68 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.63 and a beta of 1.10. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. 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 company’s fifty day simple moving average is $85.58 and its two-hundred day simple moving average is $93.26.

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

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

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.