Cedar Wealth Management LLC Sells 142 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cedar Wealth Management LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 41.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 202 shares of the transportation company’s stock after selling 142 shares during the quarter. Cedar Wealth Management LLC’s holdings in United Parcel Service were worth $28,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gilbert & Cook Inc. lifted its stake in United Parcel Service by 0.7% during the fourth quarter. Gilbert & Cook Inc. now owns 74,000 shares of the transportation company’s stock worth $11,635,000 after purchasing an additional 540 shares during the last quarter. Aveo Capital Partners LLC bought a new position in shares of United Parcel Service in the fourth quarter worth about $218,000. Gryphon Financial Partners LLC boosted its stake in shares of United Parcel Service by 128.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,028 shares of the transportation company’s stock valued at $493,000 after purchasing an additional 1,701 shares in the last quarter. Quest Partners LLC acquired a new position in United Parcel Service during the 4th quarter worth approximately $578,000. Finally, Assetmark Inc. boosted its position in United Parcel Service by 20.2% in the fourth quarter. Assetmark Inc. now owns 62,360 shares of the transportation company’s stock valued at $9,805,000 after buying an additional 10,467 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of several recent research reports. Stephens cut their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. BMO Capital Markets cut their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Oppenheimer reduced their target price on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $149.68.

United Parcel Service Price Performance

United Parcel Service stock opened at $132.11 on Friday. The stock’s 50 day moving average price is $130.45 and its two-hundred day moving average price is $139.50. The stock has a market capitalization of $113.16 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.90 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly 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 company had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the previous year, the business posted $2.54 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 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.