Bogart Wealth LLC Has $61,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Bogart Wealth LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 98.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 448 shares of the transportation company’s stock after selling 25,272 shares during the quarter. Bogart Wealth LLC’s holdings in United Parcel Service were worth $61,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle West Asset Management Inc. increased its position in shares of United Parcel Service by 12.6% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 6,360 shares of the transportation company’s stock valued at $867,000 after buying an additional 710 shares in the last quarter. Grimes & Company Inc. grew its stake in United Parcel Service by 4.3% in the third quarter. Grimes & Company Inc. now owns 141,688 shares of the transportation company’s stock valued at $19,318,000 after acquiring an additional 5,857 shares during the period. PSI Advisors LLC raised its position in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the period. Global Assets Advisory LLC bought a new position in shares of United Parcel Service during the 3rd quarter valued at about $257,000. Finally, Romano Brothers AND Company grew its position in shares of United Parcel Service by 0.3% in the 3rd quarter. Romano Brothers AND Company now owns 56,175 shares of the transportation company’s stock valued at $7,659,000 after purchasing an additional 158 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS opened at $138.35 on Friday. The firm has a market capitalization of $118.51 billion, a PE ratio of 22.57, a PEG ratio of 1.93 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The company’s 50-day moving average is $130.54 and its 200-day moving average is $136.15. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the company earned $2.54 earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post 7.44 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.71%. United Parcel Service’s payout ratio is currently 106.36%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UPS. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Susquehanna reduced their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Oppenheimer dropped their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Barclays reaffirmed an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday. Finally, Stephens decreased their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.05.

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.