Annex Advisory Services LLC Sells 139 Shares of United Parcel Service, Inc. (NYSE:UPS)

Annex Advisory Services LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,570 shares of the transportation company’s stock after selling 139 shares during the quarter. Annex Advisory Services LLC’s holdings in United Parcel Service were worth $623,000 at the end of the most recent reporting period.

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

United Parcel Service Price Performance

United Parcel Service stock opened at $134.60 on Monday. The stock has a market cap of $115.30 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.95 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The business has a 50-day simple moving average of $129.21 and a 200 day simple moving average of $136.96. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82.

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 company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter last year, the company posted $2.54 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, research analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 106.36%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UPS. Wells Fargo & Company boosted their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group reduced their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Citigroup started coverage on United Parcel Service in a research report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 target price for the company. Finally, 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 research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $151.24.

Insider Buying and Selling

In other news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction on Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. This trade represents a 3,100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is owned by company insiders.

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.