AlTi Global Inc. Trims Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

AlTi Global Inc. cut its position in United Parcel Service, Inc. (NYSE:UPS) by 15.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,652 shares of the transportation company’s stock after selling 472 shares during the period. AlTi Global Inc.’s holdings in United Parcel Service were worth $363,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Pineridge Advisors LLC purchased a new position in United Parcel Service during the 4th quarter worth approximately $31,000. Security National Bank acquired a new position in United Parcel Service during the fourth quarter valued at $31,000. TruNorth Capital Management LLC purchased a new stake in United Parcel Service in the second quarter valued at $28,000. Stephens Consulting LLC grew its position in United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares during the period. Finally, Riverview Trust Co purchased a new position in shares of United Parcel Service during the 2nd quarter valued at about $32,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 1.4 %

NYSE UPS opened at $133.34 on Friday. The business has a fifty day moving average price of $129.20 and a 200 day moving average price of $138.79. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $114.22 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.91 and a beta of 0.99. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s quarterly 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. Research analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Insiders Place Their Bets

In related news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was purchased 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 $663,627.60. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of recent research reports. Oppenheimer lowered their target price 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. BMO Capital Markets dropped their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Stephens decreased their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus dropped their price target on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $149.68.

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.