United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,166 shares of the transportation company’s stock after selling 6,401 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in United Parcel Service were worth $7,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $26,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $202,000. Bourgeon Capital Management LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $31,000. Imprint Wealth LLC increased its stake in shares of United Parcel Service by 4.1% during the fourth quarter. Imprint Wealth LLC now owns 4,687 shares of the transportation company’s stock worth $737,000 after purchasing an additional 184 shares in the last quarter. Finally, United Asset Strategies Inc. increased its stake in shares of United Parcel Service by 3.5% during the fourth quarter. United Asset Strategies Inc. now owns 18,589 shares of the transportation company’s stock worth $2,923,000 after purchasing an additional 622 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on UPS shares. Susquehanna cut their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus cut 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 research note on Wednesday, July 24th. Barclays dropped their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. BMO Capital Markets dropped their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Finally, Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $151.00.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Trading Down 0.1 %

Shares of UPS stock traded down $0.07 during trading hours on Wednesday, hitting $126.42. The company had a trading volume of 2,552,847 shares, compared to its average volume of 4,254,841. The company’s fifty day moving average is $134.39 and its 200 day moving average is $142.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $174.56. The stock has a market capitalization of $108.16 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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 company had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the prior year, the company posted $2.54 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. Research analysts expect that United Parcel Service, Inc. will post 7.59 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 19th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 5.16%. United Parcel Service’s dividend payout ratio (DPR) is presently 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.