United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,539 shares of the transportation company’s stock after selling 3,471 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in United Parcel Service were worth $1,442,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of UPS. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service in the fourth quarter worth approximately $26,000. CWM LLC boosted its stake in United Parcel Service by 56.3% during the 4th quarter. CWM LLC now owns 111,419 shares of the transportation company’s stock worth $17,518,000 after purchasing an additional 40,123 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of United Parcel Service by 0.3% during the fourth quarter. Handelsbanken Fonder AB now owns 261,220 shares of the transportation company’s stock worth $41,072,000 after buying an additional 755 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $1,651,000. Finally, MCF Advisors LLC lifted its stake in shares of United Parcel Service by 42.8% in the fourth quarter. MCF Advisors LLC now owns 817 shares of the transportation company’s stock worth $128,000 after buying an additional 245 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.5 %

NYSE:UPS opened at $128.95 on Tuesday. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $172.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock’s fifty day moving average is $133.88 and its two-hundred day moving average is $142.36. The stock has a market capitalization of $110.32 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.78 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.54 EPS. Research analysts anticipate that United Parcel Service, Inc. will post 7.51 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Analyst Ratings Changes

UPS has been the subject of several research reports. Bank of America dropped their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Barclays cut their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Evercore ISI lowered their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Stephens reduced their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

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.