ICA Group Wealth Management LLC Has $69,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

ICA Group Wealth Management LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 84.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 507 shares of the transportation company’s stock after selling 2,853 shares during the quarter. ICA Group Wealth Management LLC’s holdings in United Parcel Service were worth $69,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cullen Investment Group LTD. grew its position in United Parcel Service by 0.7% in the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after acquiring an additional 68 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its stake in shares of United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of United Parcel Service by 2.2% during the 1st quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after purchasing an additional 70 shares during the last quarter. Moody National Bank Trust Division increased its position in United Parcel Service by 0.8% during the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after purchasing an additional 71 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its stake in United Parcel Service by 0.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock valued at $1,269,000 after purchasing an additional 73 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Trading Down 0.9 %

Shares of UPS stock opened at $127.24 on Monday. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50 day simple moving average of $130.88 and a two-hundred day simple moving average of $139.88. The company has a market cap of $108.99 billion, a P/E ratio of 18.44, a PEG ratio of 1.89 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.54 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.12%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Susquehanna decreased their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Stephens cut their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Wells Fargo & Company lowered their price objective on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. TD Cowen began coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. Finally, UBS Group decreased their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.68.

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.