Northeast Financial Consultants Inc Sells 1,775 Shares of United Parcel Service, Inc. (NYSE:UPS)

Northeast Financial Consultants Inc reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 11,179 shares of the transportation company’s stock after selling 1,775 shares during the period. Northeast Financial Consultants Inc’s holdings in United Parcel Service were worth $1,530,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service in the second quarter worth about $28,000. Security National Bank bought a new position in United Parcel Service in the 4th quarter worth about $31,000. Pineridge Advisors LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth approximately $31,000. Riverview Trust Co bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $32,000. Finally, Centerpoint Advisors LLC boosted its holdings in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.7 %

UPS opened at $134.26 on Friday. The company has a fifty day moving average of $128.75 and a two-hundred day moving average of $138.48. The stock has a market capitalization of $115.00 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.91 and a beta of 0.99. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. 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 (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.54 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share 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 paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 94.49%.

Insider Buying and Selling

In other news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were purchased 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 of the company’s stock, valued at approximately $663,627.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

UPS has been the subject of several research reports. Oppenheimer lowered their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. UBS Group lowered 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 research note on Wednesday, July 24th. Bank of America cut their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Barclays lowered their price target on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, TD Cowen initiated coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.