Mercer Global Advisors Inc. ADV Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Mercer Global Advisors Inc. ADV trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,893 shares of the transportation company’s stock after selling 7,379 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in United Parcel Service were worth $14,765,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Pineridge Advisors LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth about $31,000. Security National Bank purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $31,000. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $28,000. Stephens Consulting LLC boosted its stake in shares of United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Finally, Riverview Trust Co purchased a new position in United Parcel Service in the second quarter worth $32,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on UPS shares. Barclays decreased their target price on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Stifel Nicolaus dropped their target price 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. Evercore ISI decreased their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. Bank of America dropped their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, TD Cowen began coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.68.

Insiders Place Their Bets

In related news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction dated 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 purchase, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by insiders.

United Parcel Service Price Performance

UPS stock opened at $132.11 on Friday. The stock has a market capitalization of $113.16 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. 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 52-week low of $123.12 and a 52-week high of $163.82. The stock’s fifty day simple moving average is $130.45 and its 200-day simple moving average is $139.50.

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 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 business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same period in the previous year, the business posted $2.54 earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

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