Nwam LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 43.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 60,679 shares of the transportation company’s stock after selling 46,865 shares during the period. Nwam LLC’s holdings in United Parcel Service were worth $6,523,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of UPS. Potomac Fund Management Inc. ADV grew its position in shares of United Parcel Service by 0.8% in the 4th quarter. Potomac Fund Management Inc. ADV now owns 11,324 shares of the transportation company’s stock valued at $1,123,000 after buying an additional 90 shares during the last quarter. Ipsen Advisor Group LLC lifted its stake in shares of United Parcel Service by 1.7% in the fourth quarter. Ipsen Advisor Group LLC now owns 5,670 shares of the transportation company’s stock worth $562,000 after acquiring an additional 95 shares during the period. Detalus Advisors LLC lifted its stake in shares of United Parcel Service by 1.3% in the fourth quarter. Detalus Advisors LLC now owns 7,978 shares of the transportation company’s stock worth $791,000 after acquiring an additional 101 shares during the period. Legacy Wealth Managment LLC ID boosted its holdings in United Parcel Service by 48.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 101 shares during the last quarter. Finally, Wealth Alliance LLC boosted its holdings in United Parcel Service by 3.5% in the first quarter. Wealth Alliance LLC now owns 3,013 shares of the transportation company’s stock valued at $296,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.
United Parcel Service Stock Down 1.1%
United Parcel Service stock opened at $104.16 on Tuesday. The company has a market capitalization of $88.62 billion, a PE ratio of 19.36, a PEG ratio of 1.90 and a beta of 1.06. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The firm’s fifty day moving average is $108.14 and its 200 day moving average is $105.85. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.58.
United Parcel Service Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Monday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is 121.93%.
Analyst Upgrades and Downgrades
UPS has been the subject of several analyst reports. Citizens Jmp began coverage on shares of United Parcel Service in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Sanford C. Bernstein increased their price objective on shares of United Parcel Service from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Oppenheimer lifted their target price on shares of United Parcel Service from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Stephens dropped their target price on shares of United Parcel Service from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Finally, UBS Group upped their price target on shares of United Parcel Service from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.41.
Get Our Latest Stock Report on UPS
About United Parcel Service
United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.
The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.
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