Courier Capital LLC Sells 1,661 Shares of United Parcel Service, Inc. $UPS

Courier Capital LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,563 shares of the transportation company’s stock after selling 1,661 shares during the quarter. Courier Capital LLC’s holdings in United Parcel Service were worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of UPS. Brighton Jones LLC raised its holdings in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of United Parcel Service in the 1st quarter valued at approximately $2,370,000. Ritholtz Wealth Management lifted its holdings in United Parcel Service by 95.1% in the 1st quarter. Ritholtz Wealth Management now owns 4,531 shares of the transportation company’s stock worth $498,000 after purchasing an additional 2,209 shares during the last quarter. Mission Wealth Management LP boosted its position in United Parcel Service by 2.4% during the first quarter. Mission Wealth Management LP now owns 11,374 shares of the transportation company’s stock worth $1,251,000 after purchasing an additional 266 shares during the period. Finally, QRG Capital Management Inc. grew its stake in United Parcel Service by 2.9% in the 1st quarter. QRG Capital Management Inc. now owns 100,544 shares of the transportation company’s stock valued at $11,059,000 after buying an additional 2,850 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UPS. Citigroup dropped their price target on United Parcel Service from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial reduced their price objective on shares of United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. BMO Capital Markets restated a “market perform” rating and set a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Finally, BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective for the company in a research note on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $109.31.

Insider Transactions at United Parcel Service

In related news, Director Christiana Smith Shi acquired 500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director directly owned 500 shares of the company’s stock, valued at approximately $44,085. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the acquisition, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 17,182 shares of company stock worth $1,477,382. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.9%

Shares of UPS opened at $83.97 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $71.17 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.53 and a beta of 1.10. The stock has a fifty day moving average price of $85.65 and a two-hundred day moving average price of $93.97. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the business posted $1.79 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. United Parcel Service’s payout ratio is currently 97.62%.

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.