180 Wealth Advisors LLC Reduces Stock Position in United Parcel Service, Inc. (NYSE:UPS)

180 Wealth Advisors LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,548 shares of the transportation company’s stock after selling 109 shares during the period. 180 Wealth Advisors LLC’s holdings in United Parcel Service were worth $214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in United Parcel Service by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock worth $10,568,798,000 after buying an additional 178,394 shares during the period. Wellington Management Group LLP lifted its stake in shares of United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after purchasing an additional 8,475,698 shares during the period. Franklin Resources Inc. boosted its position in shares of United Parcel Service by 11.4% during the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after purchasing an additional 980,317 shares in the last quarter. Norges Bank purchased a new stake in United Parcel Service in the fourth quarter worth $1,128,322,000. Finally, Clearbridge Investments LLC raised its holdings in United Parcel Service by 6.5% in the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after purchasing an additional 406,248 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on UPS. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Wells Fargo & Company cut their price objective on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. UBS Group dropped their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, BMO Capital Markets reduced their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company 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, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

UPS traded up $2.13 during mid-day trading on Thursday, reaching $128.55. 4,446,627 shares of the company traded hands, compared to its average volume of 4,259,665. The stock has a market capitalization of $109.98 billion, a P/E ratio of 18.72, a P/E/G ratio of 1.75 and a beta of 0.98. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $173.58. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The company’s fifty day moving average price is $134.39 and its 200-day moving average price is $142.77.

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 firm had revenue of $21.82 billion for 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 revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.54 EPS. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.59 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 5.07%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

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.