Greenline Partners LLC Sells 385 Shares of United Parcel Service, Inc. (NYSE:UPS)

Greenline Partners LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,333 shares of the transportation company’s stock after selling 385 shares during the period. Greenline Partners LLC’s holdings in United Parcel Service were worth $2,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of UPS. Cullen Investment Group LTD. grew its stake in United Parcel Service by 0.7% in the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after purchasing an additional 68 shares in the last quarter. Blackston Financial Advisory Group LLC increased its stake in shares of United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after buying an additional 69 shares during the period. Versant Capital Management Inc increased its stake in shares of United Parcel Service by 2.2% during the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after buying an additional 70 shares during the period. Moody National Bank Trust Division lifted its stake in United Parcel Service by 0.8% in the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after acquiring an additional 71 shares during the period. Finally, Legacy Wealth Asset Management LLC grew its holdings in United Parcel Service by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after acquiring an additional 73 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the subject of several research reports. Susquehanna lowered their price target on shares of 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. TD Cowen initiated coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price for the company. UBS Group cut their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Wells Fargo & Company decreased their price objective on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Stephens cut their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $149.68.

United Parcel Service Trading Down 2.7 %

NYSE:UPS opened at $128.60 on Friday. The company has a market capitalization of $110.02 billion, a P/E ratio of 18.64, a PEG ratio of 1.90 and a beta of 0.99. The company has a current ratio of 1.25, a quick 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 firm has a fifty day simple moving average of $130.18 and a 200-day simple moving average of $139.28.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the firm posted $2.54 EPS. The business’s revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 94.49%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

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.