United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Quent Capital LLC

Quent Capital LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,262 shares of the transportation company’s stock after selling 134 shares during the quarter. Quent Capital LLC’s holdings in United Parcel Service were worth $173,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of UPS. SteelPeak Wealth LLC increased its stake in United Parcel Service by 20.6% in the 4th quarter. SteelPeak Wealth LLC now owns 2,581 shares of the transportation company’s stock valued at $406,000 after buying an additional 440 shares during the period. Prime Capital Investment Advisors LLC grew its stake in shares of United Parcel Service by 3.2% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 20,389 shares of the transportation company’s stock worth $3,206,000 after purchasing an additional 629 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of United Parcel Service by 2.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 45,016 shares of the transportation company’s stock worth $7,078,000 after purchasing an additional 1,065 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of United Parcel Service by 6.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,808 shares of the transportation company’s stock worth $38,177,000 after purchasing an additional 14,084 shares during the period. Finally, Pavion Blue Capital LLC grew its stake in shares of United Parcel Service by 2.4% during the 4th quarter. Pavion Blue Capital LLC now owns 22,459 shares of the transportation company’s stock worth $3,531,000 after purchasing an additional 531 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Down 1.2 %

UPS traded down $1.52 on Tuesday, reaching $124.50. 5,549,945 shares of the company’s stock were exchanged, compared to its average volume of 4,287,482. The company’s 50 day moving average is $136.03 and its 200-day moving average is $144.29. The company has a market cap of $106.52 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.77 and a beta of 0.98. United Parcel Service, Inc. has a twelve month low of $124.42 and a twelve month high of $184.33. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.04 and a current ratio of 1.25.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period last year, the company posted $2.54 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts predict that United Parcel Service, Inc. will post 7.64 earnings per share for the current year.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction on Thursday, July 25th. The stock was bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UPS shares. BMO Capital Markets lowered their price target 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. Stifel Nicolaus decreased their price objective 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. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Oppenheimer decreased their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, Stephens decreased their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $154.95.

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.