United Parcel Service, Inc. $UPS Position Cut by Pathway Financial Advisors LLC

Pathway Financial Advisors LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 21.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,800 shares of the transportation company’s stock after selling 760 shares during the quarter. Pathway Financial Advisors LLC’s holdings in United Parcel Service were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UPS. Goldman Sachs Group Inc. grew its holdings in United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after buying an additional 4,988,044 shares in the last quarter. Pacer Advisors Inc. grew its holdings in United Parcel Service by 1,056.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock worth $476,936,000 after buying an additional 3,961,255 shares in the last quarter. Nuveen LLC bought a new position in United Parcel Service in the 1st quarter worth approximately $201,358,000. Charles Schwab Investment Management Inc. grew its holdings in United Parcel Service by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after buying an additional 1,780,807 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in United Parcel Service by 443.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock worth $156,453,000 after buying an additional 1,264,842 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stifel Nicolaus decreased their price target on United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Susquehanna decreased their price target on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, July 30th. Morgan Stanley decreased their price target 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. BNP Paribas Exane raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target for the company in a research note on Thursday, July 3rd. Finally, Wolfe Research decreased their price target on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $109.38.

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 stock was bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 price of $85.67 per share, with a total value of $1,000,796.94. Following the acquisition, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 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 corporate insiders.

United Parcel Service Stock Performance

UPS opened at $82.97 on Monday. The firm has a market cap of $70.32 billion, a PE ratio of 12.35, a P/E/G ratio of 1.53 and a beta of 1.10. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $85.74 and a 200-day simple moving average of $94.22. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01.

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

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid 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 currently 97.62%.

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