Buck Wealth Strategies LLC Trims Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Buck Wealth Strategies LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 89.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,470 shares of the transportation company’s stock after selling 39,554 shares during the period. Buck Wealth Strategies LLC’s holdings in United Parcel Service were worth $612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. Pineridge Advisors LLC bought a new position in shares of United Parcel Service during the 4th quarter worth $31,000. Security National Bank purchased a new stake in United Parcel Service in the fourth quarter worth about $31,000. TruNorth Capital Management LLC bought a new position in United Parcel Service during the 2nd quarter worth about $28,000. Stephens Consulting LLC increased its position in United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Finally, Riverview Trust Co bought a new stake in shares of United Parcel Service in the 2nd quarter valued at about $32,000. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on UPS. Barclays cut their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Wells Fargo & Company reduced their price target on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Stephens dropped their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, BMO Capital Markets lowered their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target of $149.68.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were acquired at an average price 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Performance

UPS opened at $134.26 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The firm has a 50 day moving average of $128.75 and a two-hundred day moving average of $138.48. The firm has a market capitalization of $115.00 billion, a PE ratio of 19.46, a P/E/G ratio of 1.91 and a beta of 0.99.

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 analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.54 earnings per share. On average, 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 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 4.86%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 94.49%.

About United Parcel Service

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.