Midland Wealth Advisors LLC lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 13.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,845 shares of the transportation company’s stock after selling 923 shares during the quarter. Midland Wealth Advisors LLC’s holdings in United Parcel Service were worth $590,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of UPS. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service during the first quarter worth $26,000. Mid American Wealth Advisory Group Inc. purchased a new position in United Parcel Service during the second quarter worth about $26,000. Hemington Wealth Management boosted its stake in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after buying an additional 115 shares during the last quarter. Saudi Central Bank purchased a new stake in United Parcel Service in the 1st quarter valued at about $32,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of United Parcel Service during the 1st quarter valued at about $33,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service Trading Up 2.5%
NYSE:UPS opened at $95.98 on Monday. The stock has a market cap of $81.35 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.30. The business’s 50-day simple moving average is $86.94 and its 200 day simple moving average is $92.93. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $138.67.
United Parcel Service Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Monday, November 17th will be given a $1.64 dividend. The ex-dividend date is Monday, November 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.8%. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.
Insiders Place Their Bets
In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the acquisition, the director owned 500 shares of the company’s stock, valued at approximately $44,085. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities research analysts recently issued reports on UPS shares. Evercore ISI decreased their target price 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. UBS Group increased 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 note on Wednesday, October 29th. Citigroup boosted their price objective on shares of United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. Finally, Barclays reduced their target price on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $110.00.
Get Our Latest Stock Report on UPS
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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