United Parcel Service, Inc. $UPS Stock Position Trimmed by Waldron Private Wealth LLC

Waldron Private Wealth LLC cut its position in United Parcel Service, Inc. (NYSE:UPS) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,035 shares of the transportation company’s stock after selling 250 shares during the quarter. Waldron Private Wealth LLC’s holdings in United Parcel Service were worth $407,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UPS. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service during the 1st quarter worth about $26,000. Citizens National Bank Trust Department raised its position in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after buying an additional 210 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new stake in shares of United Parcel Service during the 2nd quarter worth about $26,000. Hemington Wealth Management raised its position in shares of United Parcel Service by 68.9% during 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 in the last quarter. Finally, Saudi Central Bank bought a new stake in shares of United Parcel Service during the 1st quarter worth about $32,000. 60.26% of the stock is currently owned by institutional investors.

Insider Transactions at United Parcel Service

In other news, Director Christiana Smith Shi bought 500 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was purchased at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares of the company’s stock, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stifel Nicolaus dropped their price target on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Wall Street Zen cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Oppenheimer lowered their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Truist Financial lowered 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 research note on Wednesday, July 30th. Finally, Galvan Research lowered their price objective on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, ten have given 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, the company presently has a consensus rating of “Hold” and an average target price of $109.31.

United Parcel Service Stock Performance

United Parcel Service stock opened at $87.21 on Monday. The firm’s 50 day simple moving average is $85.52 and its 200-day simple moving average is $93.13. The company has a market cap of $73.91 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 1.62 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $140.33.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business earned $1.79 earnings per share. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend 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 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.