Drive Wealth Management LLC Has $408,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Drive Wealth Management LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,978 shares of the transportation company’s stock after selling 235 shares during the period. Drive Wealth Management LLC’s holdings in United Parcel Service were worth $408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. lifted its position in shares of United Parcel Service by 1,369.8% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 221,900 shares of the transportation company’s stock worth $34,889,000 after buying an additional 206,803 shares during the last quarter. Gilbert & Cook Inc. lifted its stake in shares of United Parcel Service by 0.7% in the fourth quarter. Gilbert & Cook Inc. now owns 74,000 shares of the transportation company’s stock worth $11,635,000 after buying an additional 540 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in shares of United Parcel Service by 44.1% during the 4th quarter. Natixis Advisors L.P. now owns 221,338 shares of the transportation company’s stock worth $34,801,000 after buying an additional 67,713 shares during the period. Aveo Capital Partners LLC acquired a new position in United Parcel Service in the 4th quarter valued at $218,000. Finally, Sapient Capital LLC bought a new position in United Parcel Service in the 4th quarter worth $313,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UPS shares. Bank of America decreased their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. UBS Group cut their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Robert W. Baird reduced their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, Oppenheimer dropped their target price on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $151.20.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 1.2 %

UPS stock opened at $128.55 on Monday. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $172.75. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average is $132.47 and its 200-day moving average is $141.28. The firm has a market cap of $110.11 billion, a P/E ratio of 18.63, a P/E/G ratio of 1.89 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $2.54 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.07%. The ex-dividend date is Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 94.49%.

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.