United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Leisure Capital Management

Leisure Capital Management reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 27.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,929 shares of the transportation company’s stock after selling 716 shares during the quarter. Leisure Capital Management’s holdings in United Parcel Service were worth $263,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Blackston Financial Advisory Group LLC grew its holdings in United Parcel Service by 1.4% in the second 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 during the period. Moody National Bank Trust Division increased its holdings in United Parcel Service by 0.8% in the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after acquiring an additional 71 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in United Parcel Service by 2.1% during the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after acquiring an additional 73 shares during the period. Cornerstone Wealth Management LLC lifted its holdings in United Parcel Service by 0.9% during the first 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 in the last quarter. Finally, MV Capital Management Inc. grew its position in shares of United Parcel Service by 8.6% in the first quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock valued at $144,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UPS. Susquehanna decreased their price target 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. Citigroup started coverage on United Parcel Service in a research report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 target price on the stock. BMO Capital Markets dropped their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, UBS Group cut their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.24.

United Parcel Service Price Performance

UPS stock traded up $1.31 on Wednesday, reaching $135.11. 578,042 shares of the company’s stock were exchanged, compared to its average volume of 4,176,285. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The firm has a market cap of $115.59 billion, a PE ratio of 19.62, a P/E/G ratio of 1.95 and a beta of 0.99. The stock has a fifty day moving average of $129.57 and a 200-day moving average of $136.76.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.54 EPS. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.83%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The trade was a 3,100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

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.