Apollon Wealth Management LLC Sells 163 Shares of United Parcel Service, Inc. $UPS

Apollon Wealth Management LLC reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,705 shares of the transportation company’s stock after selling 163 shares during the quarter. Apollon Wealth Management LLC’s holdings in United Parcel Service were worth $4,513,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares during the period. Simon Quick Advisors LLC raised its stake in shares of United Parcel Service by 11.1% in the first quarter. Simon Quick Advisors LLC now owns 4,516 shares of the transportation company’s stock valued at $497,000 after buying an additional 450 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in shares of United Parcel Service by 4.2% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 12,420 shares of the transportation company’s stock valued at $1,366,000 after buying an additional 504 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of United Parcel Service by 46.0% in the first quarter. NorthCrest Asset Manangement LLC now owns 5,934 shares of the transportation company’s stock valued at $653,000 after buying an additional 1,871 shares during the period. Finally, Powers Advisory Group LLC raised its stake in shares of United Parcel Service by 7.1% in the first quarter. Powers Advisory Group LLC now owns 4,423 shares of the transportation company’s stock valued at $487,000 after buying an additional 292 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Insider Transactions at United Parcel Service

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

United Parcel Service Price Performance

United Parcel Service stock opened at $82.97 on Friday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The business has a 50-day simple moving average of $85.74 and a 200 day simple moving average of $94.34. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market cap of $70.32 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.53 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last posted its 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). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter in the previous year, the firm earned $1.79 earnings per share. United Parcel Service’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is presently 97.62%.

Analysts Set New Price Targets

UPS has been the topic of several research reports. Citigroup lowered their target price on United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Bank of America lowered their target price on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. Oppenheimer reduced their price target on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. Susquehanna reduced their price target on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, July 30th. Finally, Barclays reduced their price target on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $109.38.

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.