United Parcel Service, Inc. $UPS Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 45.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,700 shares of the transportation company’s stock after selling 18,251 shares during the period. Atria Wealth Solutions Inc.’s holdings in United Parcel Service were worth $2,215,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Founders Capital Management LLC increased its position in shares of United Parcel Service by 8.3% in the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock worth $11,245,000 after acquiring an additional 8,579 shares in the last quarter. Gallacher Capital Management LLC purchased a new position in shares of United Parcel Service in the first quarter valued at $620,000. Garde Capital Inc. bought a new position in United Parcel Service during the 1st quarter valued at $37,000. Capital CS Group LLC boosted its stake in United Parcel Service by 3.6% during the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock valued at $23,730,000 after acquiring an additional 8,070 shares during the last quarter. Finally, CX Institutional boosted its stake in United Parcel Service by 39.9% during the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock valued at $6,073,000 after acquiring an additional 17,152 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity

In other United Parcel Service news, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the acquisition, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 17,182 shares of company stock worth $1,477,382. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Bank of America reduced their price objective on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. Wells Fargo & Company reduced their price target on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 30th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $109.31.

United Parcel Service Stock Up 0.1%

United Parcel Service stock opened at $84.10 on Thursday. The stock has a market cap of $71.28 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.56 and a beta of 1.10. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The company’s 50-day moving average price is $85.60 and its two-hundred day moving average price is $93.90. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate 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 company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same period in the previous year, the business posted $1.79 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

About United Parcel Service

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.