Axiom Advisory LLC Has $733,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Axiom Advisory LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,589 shares of the transportation company’s stock after selling 1,137 shares during the quarter. Axiom Advisory LLC’s holdings in United Parcel Service were worth $733,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in UPS. TruNorth Capital Management LLC acquired a new position in United Parcel Service during the second quarter valued at approximately $28,000. Pineridge Advisors LLC acquired a new position in United Parcel Service in the 4th quarter valued at $31,000. Riverview Trust Co bought a new position in United Parcel Service in the 2nd quarter worth $32,000. Centerpoint Advisors LLC lifted its position in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares during the last quarter. Finally, Stephens Consulting LLC lifted its position in United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.2 %

Shares of UPS opened at $130.96 on Wednesday. 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 stock has a market cap of $112.18 billion, a PE ratio of 18.98, a PEG ratio of 1.93 and a beta of 0.99. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The stock has a 50 day simple moving average of $128.95 and a 200-day simple moving average of $137.47.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the prior year, the company earned $2.54 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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 yield of 4.98%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Insiders Place Their Bets

In other news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The trade was a 3,100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Stephens lowered their price target on 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. Evercore ISI dropped their price target on 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. Stifel Nicolaus cut their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Finally, UBS Group cut their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.68.

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.