United Parcel Service, Inc. (NYSE:UPS) Stock Position Decreased by Wealth Alliance

Wealth Alliance decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 55.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,895 shares of the transportation company’s stock after selling 6,039 shares during the quarter. Wealth Alliance’s holdings in United Parcel Service were worth $670,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in UPS. Gilbert & Cook Inc. grew its stake in shares of United Parcel Service by 0.7% in the 4th quarter. Gilbert & Cook Inc. now owns 74,000 shares of the transportation company’s stock valued at $11,635,000 after buying an additional 540 shares in the last quarter. Aveo Capital Partners LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $218,000. Gryphon Financial Partners LLC grew its stake in shares of United Parcel Service by 128.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,028 shares of the transportation company’s stock valued at $493,000 after buying an additional 1,701 shares in the last quarter. Quest Partners LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $578,000. Finally, CreativeOne Wealth LLC grew its stake in shares of United Parcel Service by 12.1% in the 4th quarter. CreativeOne Wealth LLC now owns 8,740 shares of the transportation company’s stock valued at $1,374,000 after buying an additional 944 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $130.69 on Thursday. The stock has a 50-day simple moving average of $130.58 and a 200 day simple moving average of $139.55. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The stock has a market capitalization of $111.94 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 1.90 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results 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 net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the firm earned $2.54 earnings per share. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.99%. United Parcel Service’s dividend payout ratio is 94.49%.

Analysts Set New Price Targets

A number of brokerages have issued reports on UPS. BMO Capital Markets decreased their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Robert W. Baird decreased their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Evercore ISI decreased their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, Susquehanna decreased their target price on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.68.

Insider Buying and Selling

In other news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

About United Parcel Service

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.