United Parcel Service, Inc. $UPS Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,185 shares of the transportation company’s stock after selling 730 shares during the period. Avidian Wealth Enterprises LLC’s holdings in United Parcel Service were worth $1,331,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of UPS. Vanguard Group Inc. grew its position in United Parcel Service by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after buying an additional 999,832 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of United Parcel Service by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after acquiring an additional 1,780,807 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after acquiring an additional 4,988,044 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of United Parcel Service by 0.3% in the first quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock valued at $815,633,000 after acquiring an additional 23,918 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of United Parcel Service by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock valued at $519,059,000 after acquiring an additional 171,303 shares during the period. Institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director Christiana Smith Shi purchased 500 shares of United Parcel Service stock in a transaction on Friday, August 22nd. The stock was bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director directly owned 500 shares of the company’s stock, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were bought at an average price of $86.50 per share, with a total value of $432,500.00. Following the purchase, the director owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 17,182 shares of company stock valued at $1,477,382 over the last quarter. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UPS. Truist Financial cut their target price on United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Bank of America cut their price objective on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a report on Friday, September 26th. Vertical Research reaffirmed a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a report on Wednesday, July 30th. Citigroup dropped their price target on shares of United Parcel Service from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, BNP Paribas raised United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $109.31.

United Parcel Service Price Performance

Shares of UPS opened at $88.07 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $74.64 billion, a PE ratio of 13.11, a PEG ratio of 1.61 and a beta of 1.10. The firm’s 50 day moving average price is $85.61 and its 200 day moving average price is $93.30. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01.

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

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.4%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

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.