Onyx Bridge Wealth Group LLC Sells 163 Shares of United Parcel Service, Inc. $UPS

Onyx Bridge Wealth Group LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,961 shares of the transportation company’s stock after selling 163 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in United Parcel Service were worth $299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of UPS. Graybill Wealth Management LTD. bought a new position in shares of United Parcel Service during the 1st quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of United Parcel Service during the 2nd quarter valued at approximately $26,000. Citizens National Bank Trust Department grew 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 acquiring an additional 210 shares during the period. Hemington Wealth Management grew its position 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 acquiring an additional 115 shares during the period. Finally, Saudi Central Bank bought a new position in shares of United Parcel Service during the 1st quarter valued at approximately $32,000. 60.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction on Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the stock in a transaction on Friday, August 22nd. The stock was purchased at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares in the company, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 17,182 shares of company stock worth $1,477,382 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Performance

NYSE UPS opened at $86.93 on Thursday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $73.68 billion, a PE ratio of 12.94, a P/E/G ratio of 1.63 and a beta of 1.10. The company’s 50 day simple moving average is $85.58 and its two-hundred day simple moving average is $93.26.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter in the prior year, the company earned $1.79 earnings per share. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.5%. United Parcel Service’s dividend payout ratio is currently 97.62%.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of research reports. Vertical Research reissued a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a research report on Wednesday, July 30th. Susquehanna dropped their price target on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. Galvan Research dropped their price target on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, June 30th. BMO Capital Markets restated a “market perform” rating and set a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Finally, UBS Group dropped their price target on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $109.31.

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.