Securian Asset Management Inc. Sells 358 Shares of United Parcel Service, Inc. $UPS

Securian Asset Management Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,301 shares of the transportation company’s stock after selling 358 shares during the quarter. Securian Asset Management Inc.’s holdings in United Parcel Service were worth $3,866,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in UPS. Brighton Jones LLC grew its stake in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in United Parcel Service by 12.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 166,943 shares of the transportation company’s stock worth $18,362,000 after purchasing an additional 18,692 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in United Parcel Service by 61.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 4,566 shares of the transportation company’s stock worth $502,000 after purchasing an additional 1,730 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in United Parcel Service by 8.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 62,263 shares of the transportation company’s stock worth $6,848,000 after purchasing an additional 5,097 shares during the last quarter. Finally, Narwhal Capital Management acquired a new stake in United Parcel Service in the 1st quarter worth approximately $533,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UPS shares. Wells Fargo & Company reduced their target price on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday, July 30th. Truist Financial reduced their target price on United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. BMO Capital Markets restated a “market perform” rating and issued a $96.00 target price (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Wall Street Zen lowered United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. Finally, Susquehanna reduced their target price on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $109.31.

United Parcel Service Stock Up 1.3%

Shares of UPS stock opened at $88.07 on Wednesday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The firm has a market cap of $74.64 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. The stock has a 50 day moving average of $85.61 and a 200-day moving average of $93.30. 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 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 return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the firm earned $1.79 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 7.4%. United Parcel Service’s payout ratio is currently 97.62%.

Insider Activity

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

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.