Maridea Wealth Management LLC Sells 4,156 Shares of United Parcel Service, Inc. $UPS

Maridea Wealth Management LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 66.5% during the second quarter, HoldingsChannel.com reports. The fund owned 2,092 shares of the transportation company’s stock after selling 4,156 shares during the quarter. Maridea Wealth Management LLC’s holdings in United Parcel Service were worth $211,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Centaurus Financial Inc. increased its stake in United Parcel Service by 4.9% during the 4th quarter. Centaurus Financial Inc. now owns 5,281 shares of the transportation company’s stock worth $666,000 after purchasing an additional 248 shares in the last quarter. Neville Rodie & Shaw Inc. lifted its stake in United Parcel Service by 0.8% in the first quarter. Neville Rodie & Shaw Inc. now owns 15,997 shares of the transportation company’s stock valued at $1,760,000 after buying an additional 130 shares in the last quarter. Confluence Investment Management LLC boosted its holdings in shares of United Parcel Service by 6.0% in the first quarter. Confluence Investment Management LLC now owns 638,607 shares of the transportation company’s stock valued at $70,240,000 after buying an additional 36,135 shares during the period. Finally, Cullen Investment Group LTD. increased its position in shares of United Parcel Service by 553.7% during the first quarter. Cullen Investment Group LTD. now owns 60,281 shares of the transportation company’s stock worth $6,630,000 after acquiring an additional 51,059 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

United Parcel Service stock opened at $82.62 on Friday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s 50 day moving average is $88.21 and its 200 day moving average is $96.80. The firm has a market cap of $70.03 billion, a P/E ratio of 12.29, a P/E/G ratio of 1.55 and a beta of 1.08.

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

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is currently 97.62%.

Analysts Set New Price Targets

A number of research firms have recently commented on UPS. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a research note on Tuesday, July 8th. Evercore ISI lowered their target price on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a report on Wednesday, July 30th. Vertical Research reaffirmed a “hold” rating and issued a $103.00 price objective on shares of United Parcel Service in a research report on Wednesday, July 30th. BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. Finally, UBS Group decreased their price target on shares of United Parcel Service from $124.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $111.44.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 10,160 shares of the company’s stock, valued at $878,840. This represents a 96.90% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carol B. Tome purchased 11,682 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 17,182 shares of company stock valued at $1,477,382 over the last three months. 0.13% of the stock is owned by corporate insiders.

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.