Cetera Investment Advisers Sells 5,943 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cetera Investment Advisers trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 304,508 shares of the transportation company’s stock after selling 5,943 shares during the period. Cetera Investment Advisers’ holdings in United Parcel Service were worth $41,672,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. 3Chopt Investment Partners LLC bought a new position in United Parcel Service in the 2nd quarter valued at $363,000. EP Wealth Advisors LLC boosted its holdings in United Parcel Service by 30.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 26,943 shares of the transportation company’s stock valued at $3,687,000 after purchasing an additional 6,265 shares during the period. Kimelman & Baird LLC bought a new position in United Parcel Service in the 2nd quarter valued at $19,021,000. B. Riley Wealth Advisors Inc. boosted its holdings in United Parcel Service by 8.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 24,205 shares of the transportation company’s stock valued at $3,312,000 after purchasing an additional 1,863 shares during the period. Finally, Quarry LP boosted its holdings in United Parcel Service by 453.6% in the 2nd quarter. Quarry LP now owns 537 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 440 shares during the period. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UPS shares. Evercore ISI lowered their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. BMO Capital Markets decreased their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Stephens decreased their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, Oppenheimer decreased their target price on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service Stock Down 2.2 %

Shares of UPS stock opened at $133.29 on Wednesday. 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 cap of $114.04 billion, a P/E ratio of 19.32, a P/E/G ratio of 1.98 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. The company has a 50 day simple moving average of $128.69 and a two-hundred day simple moving average of $138.10.

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

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given 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 4.89%. United Parcel Service’s payout ratio is currently 94.49%.

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.