Sugarloaf Wealth Management LLC Trims Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Sugarloaf Wealth Management LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.9% during the second quarter, Holdings Channel reports. The firm owned 1,460 shares of the transportation company’s stock after selling 362 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in United Parcel Service were worth $262,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UPS. Pacific Center for Financial Services acquired a new position in shares of United Parcel Service during the 1st quarter valued at $25,000. Worth Asset Management LLC acquired a new position in shares of United Parcel Service during the 1st quarter valued at $27,000. Dark Forest Capital Management LP acquired a new position in shares of United Parcel Service during the 4th quarter valued at $31,000. Carderock Capital Management Inc. acquired a new position in shares of United Parcel Service during the 1st quarter valued at $32,000. Finally, Centerpoint Advisors LLC increased its position in shares of United Parcel Service by 205.0% during the 1st quarter. Centerpoint Advisors LLC now owns 183 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 123 shares during the period. 58.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other United Parcel Service news, insider Nando Cesarone sold 22,825 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $171.70, for a total value of $3,919,052.50. Following the sale, the insider now owns 1 shares in the company, valued at $171.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by corporate insiders.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $0.68 during mid-day trading on Tuesday, hitting $157.76. 1,046,322 shares of the company’s stock traded hands, compared to its average volume of 3,323,595. United Parcel Service, Inc. has a 1 year low of $154.87 and a 1 year high of $197.80. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.32 and a quick ratio of 1.32. The company’s 50-day moving average is $175.33 and its two-hundred day moving average is $178.27. The company has a market capitalization of $134.80 billion, a P/E ratio of 13.75, a PEG ratio of 1.70 and a beta of 1.09.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.05. United Parcel Service had a return on equity of 51.28% and a net margin of 10.41%. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $23.04 billion. During the same period in the previous year, the firm posted $3.29 EPS. United Parcel Service’s revenue was down 10.9% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post 9.46 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 14th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $6.48 dividend on an annualized basis and a yield of 4.11%. United Parcel Service’s dividend payout ratio (DPR) is 56.20%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UPS shares. Credit Suisse Group decreased their target price on United Parcel Service from $204.00 to $194.00 and set a “neutral” rating on the stock in a report on Wednesday, August 9th. UBS Group downgraded United Parcel Service from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $198.00 to $185.00 in a report on Wednesday, August 9th. Atlantic Securities started coverage on United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating and a $162.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on United Parcel Service from $181.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Finally, TD Cowen lowered their price target on United Parcel Service from $190.00 to $185.00 and set a “market perform” rating for the company in a report on Thursday, September 14th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $186.89.

About United Parcel Service

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.