MGO One Seven LLC Sells 1,290 Shares of United Parcel Service, Inc. (NYSE:UPS)

MGO One Seven LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 9.9% in the 2nd quarter, Holdings Channel reports. The firm owned 11,689 shares of the transportation company’s stock after selling 1,290 shares during the quarter. MGO One Seven LLC’s holdings in United Parcel Service were worth $1,600,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after acquiring an additional 8,475,698 shares in the last quarter. Norges Bank purchased a new position in shares of United Parcel Service during the 4th quarter valued at $1,128,322,000. First Trust Advisors LP raised its position in shares of United Parcel Service by 208.1% in the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after buying an additional 1,160,005 shares in the last quarter. Spirepoint Private Client LLC bought a new stake in United Parcel Service during the first quarter valued at $160,787,000. Finally, Franklin Resources Inc. grew its position in United Parcel Service by 11.4% during the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after buying an additional 980,317 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity

In related news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of research analyst reports. Susquehanna dropped their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Bank of America decreased their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. UBS Group dropped their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Wells Fargo & Company lowered their price target on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Finally, TD Cowen initiated coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service Stock Down 0.1 %

Shares of NYSE:UPS opened at $128.42 on Friday. The stock’s 50-day moving average is $131.06 and its 200 day moving average is $140.13. The company has a market cap of $109.87 billion, a PE ratio of 18.61, a P/E/G ratio of 1.88 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82.

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 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 business 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 posted $2.54 earnings per share. United Parcel Service’s quarterly revenue was down 1.1% on a year-over-year basis. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.08%. United Parcel Service’s dividend payout ratio is 94.49%.

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.