TRUE Private Wealth Advisors Sells 2,351 Shares of United Parcel Service, Inc. (NYSE:UPS)

TRUE Private Wealth Advisors lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 48.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,521 shares of the transportation company’s stock after selling 2,351 shares during the quarter. TRUE Private Wealth Advisors’ holdings in United Parcel Service were worth $524,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lester Murray Antman dba SimplyRich boosted its holdings in United Parcel Service by 2.7% in the 1st quarter. Lester Murray Antman dba SimplyRich now owns 1,879 shares of the transportation company’s stock valued at $319,000 after purchasing an additional 49 shares in the last quarter. HBC Financial Services PLLC boosted its position in United Parcel Service by 13.1% during the 1st quarter. HBC Financial Services PLLC now owns 432 shares of the transportation company’s stock worth $78,000 after purchasing an additional 50 shares during the period. Coyle Financial Counsel LLC boosted its position in United Parcel Service by 3.1% during the 1st quarter. Coyle Financial Counsel LLC now owns 1,653 shares of the transportation company’s stock worth $281,000 after purchasing an additional 50 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its position in United Parcel Service by 1.7% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,912 shares of the transportation company’s stock valued at $495,000 after buying an additional 50 shares during the last quarter. Finally, Becker Capital Management Inc. raised its stake in shares of United Parcel Service by 3.6% in the 1st quarter. Becker Capital Management Inc. now owns 1,436 shares of the transportation company’s stock valued at $244,000 after purchasing an additional 50 shares in the last quarter. 56.98% of the stock is owned by institutional investors.

NYSE UPS traded down $0.12 on Wednesday, hitting $190.89. 1,186 shares of the stock were exchanged, compared to its average volume of 3,354,216. The company has a market capitalization of $166.27 billion, a PE ratio of 27.25, a P/E/G ratio of 1.49 and a beta of 1.06. The business’s fifty day moving average is $198.82 and its 200 day moving average is $193.90. United Parcel Service, Inc. has a 52 week low of $154.76 and a 52 week high of $219.59. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.39 and a quick ratio of 1.39.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 27th. The transportation company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.25. The firm had revenue of $23.42 billion during the quarter, compared to analyst estimates of $23.17 billion. United Parcel Service had a net margin of 6.66% and a return on equity of 155.54%. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.13 EPS. Analysts predict that United Parcel Service, Inc. will post 11.16 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 9th. Shareholders of record on Monday, August 23rd were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Friday, August 20th. United Parcel Service’s payout ratio is presently 49.57%.

United Parcel Service announced that its Board of Directors has authorized a stock buyback plan on Thursday, August 5th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the transportation company to reacquire up to 3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

UPS has been the topic of several analyst reports. Credit Suisse Group dropped their price target on shares of United Parcel Service from $261.00 to $240.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 28th. Stifel Nicolaus assumed coverage on shares of United Parcel Service in a report on Monday, June 21st. They set a “hold” rating for the company. Berenberg Bank set a $150.00 price target on shares of United Parcel Service and gave the company a “neutral” rating in a research report on Friday, May 28th. Oppenheimer increased their target price on shares of United Parcel Service from $210.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, June 10th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of United Parcel Service from $260.00 to $237.00 and set a “buy” rating for the company in a research report on Thursday, June 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Buy” and a consensus price target of $205.75.

United Parcel Service Profile

United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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