United Parcel Service, Inc. (NYSE:UPS) Shares Sold by LVW Advisors LLC

LVW Advisors LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 12.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,511 shares of the transportation company’s stock after selling 632 shares during the quarter. LVW Advisors LLC’s holdings in United Parcel Service were worth $615,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Successful Portfolios LLC lifted its holdings in United Parcel Service by 3.0% in the 3rd quarter. Successful Portfolios LLC now owns 2,889 shares of the transportation company’s stock worth $394,000 after buying an additional 85 shares in the last quarter. Virginia Wealth Management Group Inc. lifted its holdings in United Parcel Service by 40.6% in the 3rd quarter. Virginia Wealth Management Group Inc. now owns 19,502 shares of the transportation company’s stock worth $2,659,000 after buying an additional 5,634 shares in the last quarter. Independence Bank of Kentucky lifted its holdings in United Parcel Service by 21.5% in the 3rd quarter. Independence Bank of Kentucky now owns 20,259 shares of the transportation company’s stock worth $2,762,000 after buying an additional 3,580 shares in the last quarter. Clarius Group LLC lifted its holdings in United Parcel Service by 4.8% in the 3rd quarter. Clarius Group LLC now owns 3,054 shares of the transportation company’s stock worth $388,000 after buying an additional 139 shares in the last quarter. Finally, Stolper Co increased its position in shares of United Parcel Service by 0.4% in the 3rd quarter. Stolper Co now owns 34,920 shares of the transportation company’s stock worth $4,761,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on UPS shares. Oppenheimer dropped their target price on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. The Goldman Sachs Group dropped their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Stephens lowered their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.24.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. This trade represents a 3,100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 1.3 %

UPS stock opened at $134.60 on Friday. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The firm has a market cap of $115.30 billion, a PE ratio of 21.96, a P/E/G ratio of 1.96 and a beta of 0.99. The firm has a 50 day simple moving average of $129.21 and a 200 day simple moving average of $137.08. 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 (NYSE:UPS) last released 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 net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the company earned $2.54 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.42 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.84%. United Parcel Service’s dividend payout ratio is currently 106.36%.

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.