DeDora Capital Inc. Sells 176 Shares of United Parcel Service, Inc. $UPS

DeDora Capital Inc. cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.7% during the second quarter, HoldingsChannel reports. The firm owned 6,343 shares of the transportation company’s stock after selling 176 shares during the period. DeDora Capital Inc.’s holdings in United Parcel Service were worth $640,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Cornerstone Wealth Group LLC increased its stake in United Parcel Service by 3.9% during the second quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 97 shares during the period. Bangor Savings Bank increased its stake in United Parcel Service by 1.9% during the second quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock valued at $546,000 after acquiring an additional 101 shares during the period. First Dallas Securities Inc. increased its stake in United Parcel Service by 0.9% during the first quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock valued at $1,256,000 after acquiring an additional 102 shares during the period. TCV Trust & Wealth Management Inc. increased its stake in United Parcel Service by 1.4% during the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock valued at $830,000 after acquiring an additional 103 shares during the period. Finally, Fortis Capital Advisors LLC increased its stake in United Parcel Service by 3.4% during the first quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after acquiring an additional 104 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, 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 price of $85.67 per share, with a total value of $1,000,796.94. Following the acquisition, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christiana Smith Shi acquired 500 shares of United Parcel Service stock in a transaction on Friday, August 22nd. The shares were purchased 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 in the company, valued at approximately $44,085. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Up 1.0%

Shares of UPS opened at $86.48 on Friday. The company has a market capitalization of $73.30 billion, a P/E ratio of 12.87, a PEG ratio of 1.60 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The business’s 50 day simple moving average is $85.58 and its 200-day simple moving average is $93.46.

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

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service’s dividend payout ratio is currently 97.62%.

Analysts Set New Price Targets

UPS has been the topic of several research reports. Bank of America lowered their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. Wolfe Research decreased their price objective on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, July 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Galvan Research decreased their price objective on United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, June 30th. Finally, Evercore ISI decreased their price objective on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $109.31.

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.