Kesler Norman & Wride LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 93.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,040 shares of the transportation company’s stock after selling 27,717 shares during the period. Kesler Norman & Wride LLC’s holdings in United Parcel Service were worth $206,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in UPS. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $26,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at $26,000. Hemington Wealth Management grew its stake 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 during the period. Saudi Central Bank purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in United Parcel Service during the 1st quarter worth $33,000. 60.26% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service Stock Performance
NYSE:UPS opened at $96.64 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.32. The firm has a 50-day moving average of $86.30 and a two-hundred day moving average of $93.04. The stock has a market cap of $81.91 billion, a P/E ratio of 14.94, a PEG ratio of 2.29 and a beta of 1.10. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $138.67.
United Parcel Service Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio is presently 101.39%.
Insiders Place Their Bets
In related news, Director Christiana Smith Shi purchased 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The shares were acquired 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 owned 500 shares of the company’s stock, valued at approximately $44,085. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
UPS has been the subject of a number of research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Stifel Nicolaus decreased their price target on shares of United Parcel Service from $120.00 to $109.00 and set a “buy” rating for the company in a research report on Tuesday, October 28th. Wall Street Zen raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday. UBS Group upped their price target on shares of United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Company upped their price target on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $110.00.
Check Out Our Latest Report on United Parcel Service
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.
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