Atlas Brown Inc. Has $354,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Atlas Brown Inc. lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) by 7.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,937 shares of the transportation company’s stock after selling 164 shares during the period. Atlas Brown Inc.’s holdings in United Parcel Service were worth $354,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in UPS. Cordant Inc. acquired a new position in shares of United Parcel Service during the first quarter valued at about $26,000. Worth Asset Management LLC acquired a new position in shares of United Parcel Service during the first quarter valued at about $27,000. Cyrus J. Lawrence LLC acquired a new position in United Parcel Service in the first quarter worth about $30,000. Crewe Advisors LLC acquired a new position in United Parcel Service in the first quarter worth about $31,000. Finally, Bivin & Associates Inc. acquired a new position in United Parcel Service in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 59.60% of the company’s stock.

United Parcel Service Trading Down 2.6 %

UPS stock traded down $4.34 during midday trading on Friday, reaching $163.52. The company’s stock had a trading volume of 173,357 shares, compared to its average volume of 2,977,695. The business’s 50-day simple moving average is $193.65 and its 200-day simple moving average is $190.55. The stock has a market cap of $142.04 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.07. United Parcel Service, Inc. has a 52 week low of $165.34 and a 52 week high of $233.72. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.10.

United Parcel Service (NYSE:UPSGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The transportation company reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.15. The company had revenue of $24.80 billion for the quarter, compared to analysts’ expectations of $24.59 billion. United Parcel Service had a net margin of 10.92% and a return on equity of 76.43%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $3.06 earnings per share. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 12.85 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were given a dividend of $1.52 per share. The ex-dividend date was Friday, August 12th. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.72%. United Parcel Service’s dividend payout ratio is 48.84%.

Insider Transactions at United Parcel Service

In related news, CMO Kevin M. Warren sold 23,366 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total transaction of $4,516,881.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CMO Kevin M. Warren sold 23,366 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total transaction of $4,516,881.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kathleen M. Gutmann sold 21,307 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $204.51, for a total transaction of $4,357,494.57. Following the sale, the insider now owns 102,591 shares in the company, valued at $20,980,885.41. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of United Parcel Service from $226.00 to $221.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Citigroup dropped their price target on shares of United Parcel Service from $240.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Wolfe Research lowered shares of United Parcel Service from a “peer perform” rating to an “underperform” rating in a report on Tuesday, July 12th. Barclays dropped their price objective on shares of United Parcel Service from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $227.00 price objective (down previously from $255.00) on shares of United Parcel Service in a report on Tuesday, July 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $215.11.

United Parcel Service Company Profile

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United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related 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.

See Also

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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