QTR Family Wealth LLC Cuts Holdings in United Parcel Service, Inc. $UPS

QTR Family Wealth LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,558 shares of the transportation company’s stock after selling 1,193 shares during the quarter. United Parcel Service comprises about 1.3% of QTR Family Wealth LLC’s investment portfolio, making the stock its 20th biggest position. QTR Family Wealth LLC’s holdings in United Parcel Service were worth $2,176,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service in the 1st quarter valued at $26,000. Citizens National Bank Trust Department increased its holdings in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares in the last quarter. Hemington Wealth Management increased its holdings in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank acquired a new stake in United Parcel Service in the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in United Parcel Service in the 1st quarter valued at $33,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of UPS stock opened at $83.46 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The company’s 50-day simple moving average is $87.26 and its 200-day simple moving average is $96.00. The stock has a market capitalization of $70.74 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.56 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the previous year, the business posted $1.79 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.9%. United Parcel Service’s dividend payout ratio (DPR) is presently 97.62%.

Insider Transactions at United Parcel Service

In related news, CEO Carol B. Tome purchased 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. The trade was a 96.90% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 17,182 shares of company stock valued at $1,477,382. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UPS. Bank of America lowered their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a report on Friday, September 26th. Barclays lowered their price target on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, July 31st. Wolfe Research lowered their price target on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a report on Tuesday, July 1st. BMO Capital Markets restated a “market perform” rating and set a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Finally, Morgan Stanley lowered their target price on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $111.38.

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.