Strategic Wealth Partners Ltd. Trims Stake in United Parcel Service, Inc. (NYSE:UPS)

Strategic Wealth Partners Ltd. reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 89.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,117 shares of the transportation company’s stock after selling 36,361 shares during the period. Strategic Wealth Partners Ltd.’s holdings in United Parcel Service were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Redwood Investment Management LLC raised its holdings in United Parcel Service by 26.4% during the fourth quarter. Redwood Investment Management LLC now owns 15,247 shares of the transportation company’s stock valued at $2,397,000 after acquiring an additional 3,183 shares during the period. Creative Planning grew its position in shares of United Parcel Service by 40.5% during the fourth quarter. Creative Planning now owns 331,960 shares of the transportation company’s stock worth $52,194,000 after purchasing an additional 95,743 shares in the last quarter. Mango Investments LLC bought a new stake in United Parcel Service during the 4th quarter valued at approximately $4,184,000. Kingfisher Capital LLC boosted its stake in United Parcel Service by 606.6% in the 4th quarter. Kingfisher Capital LLC now owns 27,139 shares of the transportation company’s stock worth $4,267,000 after purchasing an additional 23,298 shares during the period. Finally, Midland Wealth Advisors LLC purchased a new stake in United Parcel Service during the 4th quarter valued at approximately $1,583,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered 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 report on Wednesday, July 24th. The Goldman Sachs Group dropped their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday. Oppenheimer reduced their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Bank of America dropped their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, Stephens decreased their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.86.

United Parcel Service Stock Up 1.6 %

Shares of NYSE:UPS opened at $133.02 on Thursday. The firm has a market capitalization of $113.94 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. The business has a 50 day simple moving average of $128.99 and a two-hundred day simple moving average of $137.29. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. 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 posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the previous year, the firm earned $2.54 EPS. United Parcel Service’s revenue was down 1.1% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.90%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 94.49%.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, with a total value 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 trade was a 3,100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Company 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.