GoalVest Advisory LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 97.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 270 shares of the transportation company’s stock after selling 9,062 shares during the quarter. GoalVest Advisory LLC’s holdings in United Parcel Service were worth $29,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Sax Wealth Advisors LLC increased its position in United Parcel Service by 37.5% during the second quarter. Sax Wealth Advisors LLC now owns 3,363 shares of the transportation company’s stock worth $331,000 after buying an additional 917 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in United Parcel Service by 4.9% during the second quarter. Valeo Financial Advisors LLC now owns 25,900 shares of the transportation company’s stock valued at $2,784,000 after buying an additional 1,208 shares in the last quarter. MRA Advisory Group lifted its position in shares of United Parcel Service by 69.8% in the second quarter. MRA Advisory Group now owns 4,571 shares of the transportation company’s stock worth $491,000 after buying an additional 1,879 shares during the last quarter. Gradient Investments LLC lifted its position in shares of United Parcel Service by 2.2% in the second quarter. Gradient Investments LLC now owns 138,668 shares of the transportation company’s stock worth $14,907,000 after buying an additional 2,964 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of United Parcel Service by 124.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,646 shares of the transportation company’s stock worth $177,000 after acquiring an additional 914 shares in the last quarter. 60.26% of the stock is owned by institutional investors.
United Parcel Service Stock Performance
UPS opened at $104.56 on Monday. The stock’s 50 day simple moving average is $109.33 and its 200-day simple moving average is $106.62. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.58. The stock has a market cap of $88.88 billion, a PE ratio of 19.43, a P/E/G ratio of 1.89 and a beta of 1.06. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41.
United Parcel Service Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 121.93%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on UPS. Weiss Ratings lowered United Parcel Service from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 3rd. Citizens Jmp assumed coverage on United Parcel Service in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Wall Street Zen raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Saturday. Susquehanna increased their price target on United Parcel Service from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Evercore dropped their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average price target of $117.41.
United Parcel Service Profile
United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.
The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.
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