Ariston Services Group Has $234,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Ariston Services Group cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 21.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,710 shares of the transportation company’s stock after selling 454 shares during the quarter. Ariston Services Group’s holdings in United Parcel Service were worth $234,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UPS. Sapient Capital LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at about $422,000. Tennessee Valley Asset Management Partners bought a new position in United Parcel Service during the fourth quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. increased its position in United Parcel Service by 56.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,738 shares of the transportation company’s stock worth $430,000 after acquiring an additional 986 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in United Parcel Service during the fourth quarter worth about $202,000. Finally, Strs Ohio increased its position in United Parcel Service by 43.0% during the fourth quarter. Strs Ohio now owns 289,195 shares of the transportation company’s stock worth $45,470,000 after acquiring an additional 86,959 shares during the period. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Bank of America lowered their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. UBS Group lowered their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus reduced their price target 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $151.00.

Insider Buying and Selling

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

United Parcel Service Trading Up 1.7 %

Shares of UPS traded up $2.13 during trading hours on Thursday, hitting $128.55. 4,403,384 shares of the stock were exchanged, compared to its average volume of 4,259,665. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $173.58. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50-day moving average of $134.21 and a 200-day moving average of $142.67. The firm has a market capitalization of $109.98 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the company earned $2.54 earnings per share. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, research analysts expect that United Parcel Service, Inc. will post 7.59 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.07%. The ex-dividend date is Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 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.