Vermillion & White Wealth Management Group LLC decreased its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 97.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 288 shares of the transportation company’s stock after selling 10,197 shares during the quarter. Vermillion & White Wealth Management Group LLC’s holdings in United Parcel Service were worth $29,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Evelyn Partners Investment Management Europe Ltd boosted its position in United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after buying an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new position in United Parcel Service in the second quarter valued at $26,000. Hemington Wealth Management grew its stake in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank acquired a new position in United Parcel Service during the 1st quarter worth $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in United Parcel Service during the 1st quarter worth about $33,000. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Trading Up 1.1%
NYSE UPS opened at $95.61 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $81.11 billion, a P/E ratio of 14.78, a P/E/G ratio of 2.29 and a beta of 1.11. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $137.10. The firm has a 50-day moving average price of $89.39 and a 200 day moving average price of $92.79.
United Parcel Service Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Monday, November 17th. United Parcel Service’s payout ratio is presently 101.39%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on UPS shares. Barclays decreased their price objective on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a research note on Thursday, July 31st. Susquehanna lifted their price target on shares of United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Finally, Morgan Stanley lowered their target price on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target of $110.00.
Get Our Latest Analysis on United Parcel Service
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.
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