United Parcel Service, Inc. (NYSE:UPS) Stake Cut by Marcum Wealth LLC

Marcum Wealth LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,215 shares of the transportation company’s stock after selling 558 shares during the quarter. United Parcel Service makes up 1.4% of Marcum Wealth LLC’s investment portfolio, making the stock its 15th largest holding. Marcum Wealth LLC’s holdings in United Parcel Service were worth $14,890,000 as of its most recent SEC filing.

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

Insider Activity

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the stock in a transaction 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 acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Robert W. Baird lowered their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Wells Fargo & Company reduced their price objective on shares of 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. Susquehanna decreased their price objective on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, TD Cowen started coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $150.86.

United Parcel Service Stock Up 1.6 %

Shares of UPS opened at $133.02 on Thursday. The business’s 50 day simple moving average is $128.99 and its 200-day simple moving average is $137.29. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a market capitalization of $113.94 billion, a P/E ratio of 19.28, a PEG ratio of 1.93 and a beta of 0.99. 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 issued its quarterly earnings data 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 company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the company earned $2.54 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. As a group, 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 firm also recently announced 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. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.90%. United Parcel Service’s payout ratio is presently 94.49%.

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.