KPP Advisory Services LLC Has $261,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

KPP Advisory Services LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,904 shares of the transportation company’s stock after selling 451 shares during the quarter. KPP Advisory Services LLC’s holdings in United Parcel Service were worth $261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Founders Financial Alliance LLC raised its position in shares of United Parcel Service by 2.2% during the 2nd quarter. Founders Financial Alliance LLC now owns 5,053 shares of the transportation company’s stock valued at $691,000 after acquiring an additional 110 shares during the last quarter. 3Chopt Investment Partners LLC bought a new stake in United Parcel Service in the second quarter valued at about $363,000. EP Wealth Advisors LLC lifted its stake in United Parcel Service by 30.3% in the second quarter. EP Wealth Advisors LLC now owns 26,943 shares of the transportation company’s stock valued at $3,687,000 after buying an additional 6,265 shares during the period. Kimelman & Baird LLC bought a new position in United Parcel Service during the second quarter worth about $19,021,000. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of United Parcel Service by 8.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 24,205 shares of the transportation company’s stock worth $3,312,000 after buying an additional 1,863 shares during the period. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Parcel Service

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 purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 2.2 %

Shares of UPS opened at $133.29 on Wednesday. The business’s fifty day moving average is $128.69 and its 200-day moving average is $138.10. The firm has a market cap of $114.04 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.98 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 earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the prior year, the business earned $2.54 earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Equities analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. UBS Group decreased 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 decreased their price target on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. BMO Capital Markets dropped their price objective 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. Evercore ISI decreased their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. Finally, Baird R W raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $149.68.

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.