Brady Family Wealth LLC Sells 16,844 Shares of United Parcel Service, Inc. $UPS

Brady Family Wealth LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 78.5% during the second quarter, HoldingsChannel.com reports. The firm owned 4,618 shares of the transportation company’s stock after selling 16,844 shares during the quarter. Brady Family Wealth LLC’s holdings in United Parcel Service were worth $466,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in UPS. Graybill Wealth Management LTD. bought a new position in United Parcel Service in the 1st quarter worth about $26,000. Pinney & Scofield Inc. bought a new position in United Parcel Service in the 4th quarter worth about $27,000. Citizens National Bank Trust Department lifted its stake in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after buying an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $28,000. Finally, Hemington Wealth Management lifted its stake in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after buying an additional 115 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UPS. Bank of America reaffirmed an “underperform” rating and set a $83.00 price target (down from $91.00) on shares of United Parcel Service in a report on Thursday, September 11th. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target on the stock in a report on Thursday, July 3rd. Vertical Research reissued a “hold” rating and set a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. Finally, Oppenheimer reduced their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average target price of $112.34.

United Parcel Service Stock Performance

United Parcel Service stock opened at $85.04 on Friday. The company’s 50-day moving average price is $89.82 and its 200-day moving average price is $98.04. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The company has a market cap of $72.08 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the previous year, the firm earned $1.79 earnings per share. The company’s revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.7%. United Parcel Service’s dividend payout ratio is presently 97.62%.

Insider Buying and Selling

In other news, Director Christiana Smith Shi purchased 500 shares of the stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director owned 500 shares of the company’s stock, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carol B. Tome acquired 11,682 shares of the stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 over the last quarter. 0.13% of the stock is owned by corporate insiders.

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.