Patriot Investment Management Group Inc. Has $740,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Patriot Investment Management Group Inc. cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,408 shares of the transportation company’s stock after selling 221 shares during the period. Patriot Investment Management Group Inc.’s holdings in United Parcel Service were worth $740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UPS. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $26,000. Northwest Financial Advisors acquired a new stake in United Parcel Service during the fourth quarter worth about $28,000. Bourgeon Capital Management LLC bought a new position in United Parcel Service during the fourth quarter valued at about $31,000. Security National Bank bought a new position in United Parcel Service in the fourth quarter worth $31,000. Finally, Pineridge Advisors LLC bought a new position in United Parcel Service in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity

In related news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

UPS has been the subject of a number of analyst reports. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the stock from $150.00 to $170.00 in a report on Thursday, April 25th. UBS Group decreased their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Barclays lowered their price target on United Parcel Service from $145.00 to $120.00 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, eleven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $151.00.

United Parcel Service Stock Down 0.8 %

Shares of UPS stock traded down $0.96 on Monday, hitting $124.86. 2,546,565 shares of the stock were exchanged, compared to its average volume of 4,273,416. The business has a 50-day moving average of $135.07 and a 200 day moving average of $143.36. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $176.44. The firm has a market capitalization of $106.83 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $22.17 billion. During the same period in the prior year, the business earned $2.54 earnings per share. United Parcel Service’s revenue was down 1.1% compared to the same quarter last year. Equities analysts anticipate that United Parcel Service, Inc. will post 7.59 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.22%. United Parcel Service’s dividend payout ratio is 94.49%.

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.