WT Wealth Management Boosts Position in United Parcel Service, Inc. (NYSE:UPS)

WT Wealth Management lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 23.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,685 shares of the transportation company’s stock after purchasing an additional 3,175 shares during the period. WT Wealth Management’s holdings in United Parcel Service were worth $2,268,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TruNorth Capital Management LLC purchased a new stake in United Parcel Service in the 2nd quarter worth $28,000. Stephens Consulting LLC grew its stake in United Parcel Service by 869.6% during the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Riverview Trust Co bought a new position in United Parcel Service during the second quarter valued at approximately $32,000. Centerpoint Advisors LLC increased its stake in United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its position in United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 0.3 %

NYSE:UPS traded up $0.42 during trading hours on Tuesday, hitting $131.75. The company had a trading volume of 2,024,779 shares, compared to its average volume of 4,177,510. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. 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 company has a 50-day moving average of $130.34 and a 200 day moving average of $136.33. The company has a market cap of $112.85 billion, a P/E ratio of 21.48, a P/E/G ratio of 2.00 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the firm earned $2.54 earnings per share. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.44 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 106.36%.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. This trade represents a 3,100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

UPS has been the subject of several analyst reports. Stephens lowered their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Susquehanna cut their price objective on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. TD Cowen initiated coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. Robert W. Baird cut their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, Oppenheimer reduced their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.05.

United Parcel Service Company 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.