United Parcel Service, Inc. $UPS Stake Lowered by Ellis Investment Partners LLC

Ellis Investment Partners LLC reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,676 shares of the transportation company’s stock after selling 201 shares during the period. Ellis Investment Partners LLC’s holdings in United Parcel Service were worth $270,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Orca Investment Management LLC boosted its holdings in United Parcel Service by 21.2% in the second quarter. Orca Investment Management LLC now owns 17,958 shares of the transportation company’s stock worth $1,813,000 after purchasing an additional 3,144 shares in the last quarter. CWM LLC boosted its holdings in United Parcel Service by 83.9% in the second quarter. CWM LLC now owns 178,243 shares of the transportation company’s stock worth $17,992,000 after purchasing an additional 81,317 shares in the last quarter. Advocate Group LLC boosted its holdings in United Parcel Service by 5.2% in the second quarter. Advocate Group LLC now owns 84,925 shares of the transportation company’s stock worth $8,572,000 after purchasing an additional 4,222 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in United Parcel Service by 42.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 74,443 shares of the transportation company’s stock worth $7,516,000 after purchasing an additional 22,298 shares in the last quarter. Finally, Udine Wealth Management Inc. bought a new stake in United Parcel Service in the second quarter worth $2,235,000. 60.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. This represents a 96.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christiana Smith Shi acquired 500 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares of the company’s stock, valued at $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 17,182 shares of company stock valued at $1,477,382. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 0.4%

Shares of UPS opened at $83.20 on Tuesday. The company has a 50-day simple moving average of $85.70 and a 200-day simple moving average of $94.04. The firm has a market capitalization of $70.51 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.53 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.79 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.9%. United Parcel Service’s dividend payout ratio is currently 97.62%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. Vertical Research reiterated a “hold” rating and issued a $103.00 price objective on shares of United Parcel Service in a report on Wednesday, July 30th. Wall Street Zen cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. Susquehanna decreased their price target on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Finally, Bank of America decreased their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average price target of $109.31.

About United Parcel Service

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.