Apollon Wealth Management LLC Sells 163 Shares of United Parcel Service, Inc. $UPS

Apollon Wealth Management LLC cut its position in United Parcel Service, Inc. (NYSE:UPS) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,705 shares of the transportation company’s stock after selling 163 shares during the quarter. Apollon Wealth Management LLC’s holdings in United Parcel Service were worth $4,513,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Founders Capital Management LLC raised its position in shares of United Parcel Service by 8.3% during 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 during the last quarter. Gallacher Capital Management LLC bought a new position in shares of United Parcel Service during the first quarter worth about $620,000. Garde Capital Inc. bought a new position in shares of United Parcel Service during the first quarter worth about $37,000. Capital CS Group LLC raised its position in shares of United Parcel Service by 3.6% during the second quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock worth $23,730,000 after acquiring an additional 8,070 shares during the last quarter. Finally, CX Institutional raised its position in shares of United Parcel Service by 39.9% during the second quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock worth $6,073,000 after acquiring an additional 17,152 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Susquehanna decreased their target price on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, July 30th. Stifel Nicolaus decreased their target price on United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Evercore ISI decreased their target price on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Bank of America decreased their target price on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $109.38.

Insider Activity at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome purchased 11,682 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares of the company’s stock, valued at $2,117,591.06. The trade was a 89.61% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares of the company’s stock, valued at $878,840. This trade represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock valued at $1,477,382 over the last 90 days. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 2.7%

Shares of NYSE:UPS opened at $82.97 on Friday. The stock has a market cap of $70.32 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.53 and a beta of 1.10. 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, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. The business’s 50 day moving average is $85.74 and its 200 day moving average is $94.34.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.79 EPS. On average, sell-side analysts forecast 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 dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.9%. United Parcel Service’s payout ratio is presently 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.