Wealth Alliance Has $670,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Wealth Alliance reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 55.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,895 shares of the transportation company’s stock after selling 6,039 shares during the quarter. Wealth Alliance’s holdings in United Parcel Service were worth $670,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UPS. Gilbert & Cook Inc. grew its position in shares of United Parcel Service by 0.7% during the 4th 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 period. Aveo Capital Partners LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth about $218,000. Gryphon Financial Partners LLC grew its position in shares of United Parcel Service by 128.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,028 shares of the transportation company’s stock worth $493,000 after buying an additional 1,701 shares during the period. Quest Partners LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth about $578,000. Finally, CreativeOne Wealth LLC lifted its holdings in shares of United Parcel Service by 12.1% during the 4th quarter. CreativeOne Wealth LLC now owns 8,740 shares of the transportation company’s stock valued at $1,374,000 after purchasing an additional 944 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.0 %

Shares of United Parcel Service stock opened at $130.69 on Thursday. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The stock has a market cap of $111.94 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.90 and a beta of 0.99. 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 business’s 50 day moving average is $130.58 and its 200-day moving average is $139.55.

United Parcel Service (NYSE:UPS) last posted its 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 business 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%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.54 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced 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. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is presently 94.49%.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on UPS shares. UBS Group cut their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Robert W. Baird cut their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. BMO Capital Markets cut their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Stephens cut their price objective 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. Finally, TD Cowen started coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price of $149.68.

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.