SOA Wealth Advisors LLC. Sells 1,565 Shares of United Parcel Service, Inc. $UPS

SOA Wealth Advisors LLC. trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 19.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,332 shares of the transportation company’s stock after selling 1,565 shares during the period. SOA Wealth Advisors LLC.’s holdings in United Parcel Service were worth $639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service during the first quarter valued at about $26,000. Citizens National Bank Trust Department increased its position in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares during the last quarter. Hemington Wealth Management raised its holdings in shares of United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after buying an additional 115 shares in the last quarter. Saudi Central Bank bought a new stake in United Parcel Service in the 1st quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in United Parcel Service in the first quarter worth approximately $33,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UPS. Barclays lowered their price objective on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, July 31st. Wells Fargo & Company lowered their price target on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 30th. Galvan Research cut their price target on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, June 30th. Stifel Nicolaus reduced their price objective on United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. lowered their target price on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $111.38.

Insiders Place Their Bets

In related news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was purchased at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carol B. Tome purchased 11,682 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Performance

United Parcel Service stock opened at $84.35 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm has a market cap of $71.49 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.54 and a beta of 1.10. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The firm has a 50-day moving average of $86.88 and a 200-day moving average of $95.92.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.79 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is presently 97.62%.

United Parcel Service Company 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.