Avidian Wealth Enterprises LLC Sells 730 Shares of United Parcel Service, Inc. $UPS

Avidian Wealth Enterprises LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.2% in the second quarter, Holdings Channel reports. The fund owned 13,185 shares of the transportation company’s stock after selling 730 shares during the period. Avidian Wealth Enterprises LLC’s holdings in United Parcel Service were worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of UPS. Graybill Wealth Management LTD. bought a new position in shares of United Parcel Service in the first quarter worth about $26,000. Citizens National Bank Trust Department grew its holdings in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after buying an additional 210 shares during the last quarter. Hemington Wealth Management increased its position in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after buying an additional 115 shares during the period. Saudi Central Bank bought a new position in United Parcel Service in the 1st quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of United Parcel Service during the first quarter worth approximately $33,000. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UPS. BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a research note on Thursday, July 3rd. Vertical Research restated a “hold” rating and issued a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. Truist Financial dropped their price objective 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. Evercore ISI reduced their target price on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a research note on Wednesday, July 30th. Finally, Susquehanna decreased their target price on United Parcel Service from $110.00 to $100.00 and set a “neutral” 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 given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and a consensus target price of $109.31.

United Parcel Service Price Performance

NYSE:UPS opened at $88.07 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The company has a 50-day moving average of $85.61 and a 200-day moving average of $93.30. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The company has a market capitalization of $74.64 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 1.61 and a beta of 1.10.

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

United Parcel Service Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Insider Activity at United Parcel Service

In related news, CEO Carol B. Tome acquired 11,682 shares of the company’s stock in a transaction on Friday, August 1st. The stock was purchased at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at $2,117,591.06. The trade was a 89.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the acquisition, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock valued at $1,477,382 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

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.