Forvis Mazars Wealth Advisors LLC Sells 177 Shares of United Parcel Service, Inc. $UPS

Forvis Mazars Wealth Advisors LLC decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,456 shares of the transportation company’s stock after selling 177 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in United Parcel Service were worth $652,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of UPS. Goldman Sachs Group Inc. boosted its stake in shares of United Parcel Service by 124.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after purchasing an additional 4,988,044 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of United Parcel Service by 1,056.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock valued at $476,936,000 after purchasing an additional 3,961,255 shares in the last quarter. Nuveen LLC bought a new stake in shares of United Parcel Service during the 1st quarter valued at about $201,358,000. Charles Schwab Investment Management Inc. boosted its stake in United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after acquiring an additional 1,780,807 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in United Parcel Service by 443.6% during the second quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock worth $156,453,000 after acquiring an additional 1,264,842 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction on Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the acquisition, the director owned 500 shares of the company’s stock, valued at $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 17,182 shares of company stock valued at $1,477,382. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on UPS. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Oppenheimer dropped their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. Citigroup dropped their price objective on shares of United Parcel Service from $114.00 to $112.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, BNP Paribas raised shares of United Parcel Service to a “hold” rating in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $109.31.

United Parcel Service Stock Up 1.0%

Shares of United Parcel Service stock opened at $86.48 on Monday. The company has a market cap of $73.30 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. The company’s 50 day moving average is $85.58 and its 200 day moving average is $93.41. 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 issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.79 EPS. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 7.6%. The ex-dividend date of this dividend 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.