Virtu Financial LLC Sells 33,062 Shares of United Parcel Service, Inc. (NYSE:UPS)

Virtu Financial LLC cut its position in United Parcel Service, Inc. (NYSE:UPS) by 84.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,022 shares of the transportation company’s stock after selling 33,062 shares during the quarter. Virtu Financial LLC’s holdings in United Parcel Service were worth $824,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. United Services Automobile Association lifted its holdings in United Parcel Service by 235.3% during the fourth quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock valued at $37,316,000 after purchasing an additional 166,557 shares during the last quarter. Natixis purchased a new stake in shares of United Parcel Service during the 1st quarter valued at approximately $121,000. Assetmark Inc. boosted its holdings in United Parcel Service by 20.2% in the 4th quarter. Assetmark Inc. now owns 62,360 shares of the transportation company’s stock worth $9,805,000 after buying an additional 10,467 shares during the period. Financial Partners Group LLC grew its stake in United Parcel Service by 23.9% in the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after buying an additional 5,069 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in United Parcel Service by 12.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock valued at $8,853,000 after acquiring an additional 6,502 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 1.1 %

Shares of NYSE UPS opened at $132.11 on Friday. The stock has a market capitalization of $113.16 billion, a P/E ratio of 19.15, a PEG ratio of 1.90 and a beta of 0.99. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The firm’s 50 day simple moving average is $130.45 and its two-hundred day simple moving average is $139.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.54 EPS. As a group, analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders 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 annualized dividend and a dividend yield of 4.94%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insider Activity

In related news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UPS. Barclays reduced their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Susquehanna reduced their target price on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. TD Cowen began coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target on the stock. Robert W. Baird reduced their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, Bank of America lowered their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has an average 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.