Baker Tilly Wealth Management LLC Sells 2,801 Shares of United Parcel Service, Inc. (NYSE:UPS)

Baker Tilly Wealth Management LLC lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 51.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,673 shares of the transportation company’s stock after selling 2,801 shares during the period. Baker Tilly Wealth Management LLC’s holdings in United Parcel Service were worth $366,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UPS. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $26,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in United Parcel Service during the 4th quarter worth $202,000. Cookson Peirce & Co. Inc. raised its holdings in shares of United Parcel Service by 2.8% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 4,254 shares of the transportation company’s stock valued at $669,000 after purchasing an additional 117 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of United Parcel Service by 4.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 232,459 shares of the transportation company’s stock valued at $36,550,000 after purchasing an additional 9,200 shares in the last quarter. Finally, Prosperity Wealth Management Inc. purchased a new position in United Parcel Service during the fourth quarter worth about $228,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Barclays dropped their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. UBS Group reduced their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. BMO Capital Markets lowered their target price on 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. Finally, JPMorgan Chase & Co. reduced their price target 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded up $1.10 during trading hours on Friday, reaching $129.65. The company had a trading volume of 3,255,863 shares, compared to its average volume of 4,253,306. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $172.75. The firm has a market cap of $110.92 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.78 and a beta of 0.98. The business has a fifty day simple moving average of $134.05 and a 200 day simple moving average of $142.47.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS 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 company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the business earned $2.54 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts anticipate that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Insiders Place Their Bets

In other news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Company 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.