XML Financial LLC Sells 2,542 Shares of United Parcel Service, Inc. $UPS

XML Financial LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,074 shares of the transportation company’s stock after selling 2,542 shares during the quarter. XML Financial LLC’s holdings in United Parcel Service were worth $3,843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gleason Group Inc. lifted its position in United Parcel Service by 1.7% during the second quarter. Gleason Group Inc. now owns 6,864 shares of the transportation company’s stock worth $693,000 after acquiring an additional 113 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in shares of United Parcel Service by 2.9% during the 2nd quarter. Raleigh Capital Management Inc. now owns 6,971 shares of the transportation company’s stock valued at $704,000 after acquiring an additional 195 shares in the last quarter. Venture Visionary Partners LLC raised its stake in shares of United Parcel Service by 97.6% during the second quarter. Venture Visionary Partners LLC now owns 48,449 shares of the transportation company’s stock valued at $4,890,000 after acquiring an additional 23,935 shares during the last quarter. Smith Chas P & Associates PA Cpas grew its position in shares of United Parcel Service by 6.5% in the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 253,667 shares of the transportation company’s stock valued at $25,605,000 after buying an additional 15,465 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its position in United Parcel Service by 5.4% during the 2nd quarter. Wolff Wiese Magana LLC now owns 12,935 shares of the transportation company’s stock valued at $1,306,000 after purchasing an additional 658 shares during the period. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on UPS. Wolfe Research lowered their price objective on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, July 1st. Vertical Research restated a “hold” rating and issued a $103.00 target price on shares of United Parcel Service in a report on Wednesday, July 30th. Truist Financial reduced their target price on shares of United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. UBS Group decreased their price target on United Parcel Service from $124.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Finally, Galvan Research lowered their price objective on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $111.38.

Insider Transactions at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 17,182 shares of company stock worth $1,477,382. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.9%

NYSE UPS opened at $84.46 on Tuesday. The stock’s 50-day simple moving average is $87.61 and its two-hundred day simple moving average is $96.09. The company has a market capitalization of $71.59 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.54 and a beta of 1.08. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results 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). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the prior year, the firm earned $1.79 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is currently 97.62%.

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.