United Parcel Service, Inc. $UPS Shares Sold by apricus wealth LLC

apricus wealth LLC decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,404 shares of the transportation company’s stock after selling 150 shares during the quarter. apricus wealth LLC’s holdings in United Parcel Service were worth $445,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Founders Capital Management LLC increased its holdings in shares of United Parcel Service by 8.3% during the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock worth $11,245,000 after buying an additional 8,579 shares during the last quarter. Gallacher Capital Management LLC purchased a new position in United Parcel Service in the first quarter worth approximately $620,000. Garde Capital Inc. acquired a new stake in United Parcel Service during the first quarter worth $37,000. Capital CS Group LLC raised its position in United Parcel Service by 3.6% in the second quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock valued at $23,730,000 after purchasing an additional 8,070 shares during the period. Finally, CX Institutional lifted its stake in shares of United Parcel Service by 39.9% in the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock valued at $6,073,000 after purchasing an additional 17,152 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wells Fargo & Company decreased their target price 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. Stifel Nicolaus cut their target price on United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Citigroup lowered their price target on United Parcel Service from $114.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Susquehanna cut their price objective on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on 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. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $109.31.

Insider Activity at United Parcel Service

In other news, Director Christiana Smith Shi acquired 500 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the acquisition, the director owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were purchased 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 approximately $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 17,182 shares of company stock valued at $1,477,382 in the last ninety days. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.5%

NYSE:UPS opened at $86.88 on Tuesday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The stock has a market cap of $73.64 billion, a P/E ratio of 12.93, a P/E/G ratio of 1.60 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a 50-day simple moving average of $85.59 and a 200-day simple moving average of $93.34.

United Parcel Service (NYSE:UPS) last posted its 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). The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.United Parcel Service’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.79 EPS. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

United Parcel Service 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.