HB Wealth Management LLC Has $4.92 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

HB Wealth Management LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) by 15.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,936 shares of the transportation company’s stock after purchasing an additional 3,573 shares during the period. HB Wealth Management LLC’s holdings in United Parcel Service were worth $4,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cordant Inc. purchased a new position in shares of United Parcel Service during the first quarter valued at $26,000. Worth Asset Management LLC purchased a new position in shares of United Parcel Service during the first quarter valued at $27,000. Cyrus J. Lawrence LLC purchased a new position in shares of United Parcel Service during the first quarter valued at $30,000. Crewe Advisors LLC purchased a new position in shares of United Parcel Service during the first quarter valued at $31,000. Finally, Bivin & Associates Inc. purchased a new position in United Parcel Service in the fourth quarter valued at about $32,000. 59.60% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $5.62 during trading on Friday, reaching $162.24. The company’s stock had a trading volume of 111,942 shares, compared to its average volume of 2,977,695. The stock has a 50-day moving average price of $193.65 and a two-hundred day moving average price of $190.55. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. United Parcel Service, Inc. has a one year low of $165.34 and a one year high of $233.72. The stock has a market capitalization of $140.93 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.07.

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

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were issued a dividend of $1.52 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $6.08 annualized dividend and a yield of 3.75%. United Parcel Service’s dividend payout ratio is currently 48.84%.

Insider Activity

In other United Parcel Service news, insider Kathleen M. Gutmann sold 21,307 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total value of $4,357,494.57. Following the sale, the insider now directly owns 102,591 shares in the company, valued at $20,980,885.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other United Parcel Service news, insider Kathleen M. Gutmann sold 21,307 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total value of $4,357,494.57. Following the sale, the insider now directly owns 102,591 shares in the company, valued at $20,980,885.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Kevin M. Warren sold 23,366 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $193.31, for a total transaction of $4,516,881.46. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Evercore ISI restated an “outperform” rating and issued a $227.00 target price (down previously from $255.00) on shares of United Parcel Service in a research note on Tuesday, July 12th. Citigroup dropped their price target on shares of United Parcel Service from $240.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Wells Fargo & Company dropped their price target on shares of United Parcel Service from $270.00 to $223.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 27th. Stephens dropped their price target on shares of United Parcel Service to $210.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Finally, Wolfe Research lowered shares of United Parcel Service from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $215.11.

United Parcel Service Profile

(Get Rating)

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

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

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