Atria Wealth Solutions Inc. Has $2.22 Million Stock Position in United Parcel Service, Inc. $UPS

Atria Wealth Solutions Inc. trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 45.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 21,700 shares of the transportation company’s stock after selling 18,251 shares during the period. Atria Wealth Solutions Inc.’s holdings in United Parcel Service were worth $2,215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. Brighton Jones LLC boosted its holdings in shares of United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 4,723 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of United Parcel Service by 95.1% during the first quarter. Ritholtz Wealth Management now owns 4,531 shares of the transportation company’s stock worth $498,000 after purchasing an additional 2,209 shares during the period. Mission Wealth Management LP boosted its holdings in shares of United Parcel Service by 2.4% during the first quarter. Mission Wealth Management LP now owns 11,374 shares of the transportation company’s stock worth $1,251,000 after purchasing an additional 266 shares during the period. Inscription Capital LLC acquired a new stake in shares of United Parcel Service during the first quarter worth approximately $150,000. Finally, Chicago Capital LLC boosted its holdings in shares of United Parcel Service by 7.1% during the first quarter. Chicago Capital LLC now owns 5,026 shares of the transportation company’s stock worth $553,000 after purchasing an additional 335 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Carol B. Tome purchased 11,682 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was purchased at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. 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 report on Friday, September 19th. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $96.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Evercore ISI cut their price objective on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Finally, Oppenheimer cut their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $109.31.

United Parcel Service Trading Up 0.1%

NYSE:UPS opened at $84.10 on Thursday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The firm has a market cap of $71.28 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 1.56 and a beta of 1.10. 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 company’s 50 day moving average is $85.60 and its 200-day moving average is $93.90.

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

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

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.