United Parcel Service, Inc. (NYSE:UPS) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,243 shares of the transportation company’s stock after selling 623 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in United Parcel Service were worth $715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. TruNorth Capital Management LLC acquired a new position in United Parcel Service during the 2nd quarter worth approximately $28,000. Stephens Consulting LLC lifted its position in shares of United Parcel Service by 869.6% during the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Riverview Trust Co purchased a new position in shares of United Parcel Service in the second quarter valued at $32,000. Centerpoint Advisors LLC grew its holdings in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares in the last quarter. Finally, Financial Synergies Wealth Advisors Inc. increased its stake in United Parcel Service by 1,933.3% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 244 shares of the transportation company’s stock worth $36,000 after buying an additional 232 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays decreased their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets reduced their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. The Goldman Sachs Group reduced their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Citigroup assumed coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $151.24.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Trading Up 1.6 %

Shares of NYSE UPS opened at $135.88 on Thursday. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a market cap of $116.39 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock’s 50 day simple moving average is $129.82 and its 200 day simple moving average is $136.75.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.54 earnings per share. Equities research analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 106.36%.

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.