United Parcel Service, Inc. (NYSE:UPS) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,548 shares of the transportation company’s stock after selling 109 shares during the period. 180 Wealth Advisors LLC’s holdings in United Parcel Service were worth $214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service in the 4th quarter valued at about $26,000. Northwest Financial Advisors purchased a new stake in shares of United Parcel Service during the fourth quarter worth approximately $28,000. Security National Bank acquired a new stake in shares of United Parcel Service during the fourth quarter worth $31,000. Pineridge Advisors LLC purchased a new position in United Parcel Service in the 4th quarter valued at $31,000. Finally, Riverview Trust Co acquired a new position in United Parcel Service in the 2nd quarter valued at $32,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the company’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 acquisition, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Susquehanna lowered 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 report on Wednesday, July 24th. BMO Capital Markets cut their price objective 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. Oppenheimer lowered 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. Robert W. Baird dropped their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, Bank of America decreased their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $151.00.

United Parcel Service Stock Performance

UPS traded up $2.13 on Thursday, hitting $128.55. The company had a trading volume of 4,446,627 shares, compared to its average volume of 4,259,665. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $173.58. The company’s fifty day moving average price is $134.39 and its 200 day moving average price is $142.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $109.98 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the firm earned $2.54 earnings per share. The company’s revenue was down 1.1% on a year-over-year basis. Equities analysts predict that United Parcel Service, Inc. will post 7.59 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be paid a $1.63 dividend. The ex-dividend date is Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.07%. United Parcel Service’s dividend payout ratio is presently 94.49%.

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.