Prime Capital Investment Advisors LLC Decreases Holdings in United Parcel Service, Inc. $UPS

Prime Capital Investment Advisors LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 49.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 16,359 shares of the transportation company’s stock after selling 15,996 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in United Parcel Service were worth $1,651,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after buying an additional 4,723 shares during the period. Wedmont Private Capital increased its stake in shares of United Parcel Service by 25.4% in the first quarter. Wedmont Private Capital now owns 3,930 shares of the transportation company’s stock worth $432,000 after buying an additional 797 shares during the period. Park Avenue Securities LLC increased its stake in shares of United Parcel Service by 15.7% in the first quarter. Park Avenue Securities LLC now owns 19,878 shares of the transportation company’s stock worth $2,186,000 after buying an additional 2,691 shares during the period. Farther Finance Advisors LLC increased its stake in shares of United Parcel Service by 24.8% in the first quarter. Farther Finance Advisors LLC now owns 12,527 shares of the transportation company’s stock worth $1,369,000 after buying an additional 2,486 shares during the period. Finally, Pallas Capital Advisors LLC increased its stake in shares of United Parcel Service by 83.6% in the first quarter. Pallas Capital Advisors LLC now owns 13,261 shares of the transportation company’s stock worth $1,459,000 after buying an additional 6,040 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The shares were purchased at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director directly owned 10,160 shares of the company’s stock, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 17,182 shares of company stock valued at $1,477,382 in the last three months. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price on the stock in a research note on Thursday, July 3rd. Wall Street Zen downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Barclays reduced their price objective on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a research report on Thursday, July 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday. Finally, Susquehanna reduced their price objective on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $109.38.

United Parcel Service Stock Up 0.3%

NYSE:UPS opened at $86.27 on Thursday. The firm’s 50-day moving average price is $85.79 and its 200-day moving average price is $94.85. The company has a market capitalization of $73.12 billion, a PE ratio of 12.84, a P/E/G ratio of 1.58 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.79 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. United Parcel Service’s dividend payout ratio is currently 97.62%.

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.