SignalPoint Asset Management LLC Sells 115 Shares of United Parcel Service, Inc. (NYSE:UPS)

SignalPoint Asset Management LLC decreased its stake in United Parcel Service, Inc. (NYSE:UPSGet Rating) by 4.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,337 shares of the transportation company’s stock after selling 115 shares during the period. SignalPoint Asset Management LLC’s holdings in United Parcel Service were worth $501,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of UPS. Ritholtz Wealth Management grew its stake in United Parcel Service by 16.2% in the 1st quarter. Ritholtz Wealth Management now owns 4,211 shares of the transportation company’s stock worth $903,000 after buying an additional 588 shares in the last quarter. MBL Wealth LLC purchased a new position in United Parcel Service in the 1st quarter worth approximately $349,000. Cozad Asset Management Inc. grew its stake in United Parcel Service by 98.5% in the 1st quarter. Cozad Asset Management Inc. now owns 2,217 shares of the transportation company’s stock worth $475,000 after buying an additional 1,100 shares in the last quarter. ProVise Management Group LLC boosted its stake in shares of United Parcel Service by 14.9% in the 1st quarter. ProVise Management Group LLC now owns 5,550 shares of the transportation company’s stock valued at $1,190,000 after purchasing an additional 720 shares in the last quarter. Finally, Aviva PLC boosted its stake in shares of United Parcel Service by 0.5% in the 4th quarter. Aviva PLC now owns 222,556 shares of the transportation company’s stock valued at $47,703,000 after purchasing an additional 1,065 shares in the last quarter. Institutional investors own 57.85% of the company’s stock.

United Parcel Service Stock Up 1.2 %

UPS stock traded up $2.24 during trading on Friday, hitting $196.76. 1,786,026 shares of the stock traded hands, compared to its average volume of 2,721,793. The firm’s 50 day moving average is $182.86 and its two-hundred day moving average is $194.22. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.47 and a quick ratio of 1.52. The stock has a market cap of $171.92 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. United Parcel Service, Inc. has a 1 year low of $165.34 and a 1 year high of $233.72.

United Parcel Service (NYSE:UPSGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The transportation company reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.15. The firm had revenue of $24.80 billion for the quarter, compared to the consensus estimate of $24.59 billion. United Parcel Service had a net margin of 10.92% and a return on equity of 76.43%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.06 EPS. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 12.81 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be issued a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Friday, August 12th. United Parcel Service’s payout ratio is presently 48.84%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group set a $223.00 price objective on shares of United Parcel Service and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Susquehanna Bancshares dropped their price target on shares of United Parcel Service from $218.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, April 27th. Daiwa Capital Markets increased their price target on shares of United Parcel Service to $207.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Barclays dropped their price target on shares of United Parcel Service from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 27th. Finally, Berenberg Bank set a $200.00 price target on shares of United Parcel Service in a research report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $215.82.

Insider Buying and Selling

In related news, CMO Kevin M. Warren sold 23,366 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total value of $4,516,881.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by insiders.

United Parcel Service Profile

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United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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