Apollon Wealth Management LLC Sells 2,571 Shares of United Parcel Service, Inc. (NYSE:UPS)

Apollon Wealth Management LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 14.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,086 shares of the transportation company’s stock after selling 2,571 shares during the period. Apollon Wealth Management LLC’s holdings in United Parcel Service were worth $2,065,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Cullen Investment Group LTD. increased its position in shares of United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after acquiring an additional 68 shares during the period. Blackston Financial Advisory Group LLC increased its holdings in United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after purchasing an additional 69 shares during the period. Versant Capital Management Inc raised its position in United Parcel Service by 2.2% during the 1st quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after purchasing an additional 70 shares in the last quarter. Moody National Bank Trust Division raised its position in United Parcel Service by 0.8% during the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock valued at $1,354,000 after purchasing an additional 71 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its holdings in shares of United Parcel Service by 2.1% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity

In other news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded down $0.70 on Monday, reaching $128.95. 3,157,767 shares of the stock were exchanged, compared to its average volume of 4,246,429. The business has a 50 day moving average price of $134.05 and a two-hundred day moving average price of $142.46. The firm has a market capitalization of $110.32 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.78 and a beta of 0.98. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $172.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.54 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 7.51 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders 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 5.06%. United Parcel Service’s payout ratio is currently 94.49%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UPS. Stifel Nicolaus decreased their price objective on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Robert W. Baird dropped their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Susquehanna reduced their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. UBS Group dropped their price objective on 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. Finally, Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

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.