SeaCrest Wealth Management LLC Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)

SeaCrest Wealth Management LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 11.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,866 shares of the transportation company’s stock after selling 769 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in United Parcel Service were worth $803,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tennessee Valley Asset Management Partners purchased a new stake in United Parcel Service during the fourth quarter worth approximately $26,000. AIA Group Ltd increased its position in United Parcel Service by 185.0% during the fourth quarter. AIA Group Ltd now owns 6,504 shares of the transportation company’s stock worth $1,023,000 after buying an additional 4,222 shares during the period. Fidelis Capital Partners LLC increased its position in United Parcel Service by 12.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 2,423 shares of the transportation company’s stock worth $381,000 after buying an additional 272 shares during the period. Resonant Capital Advisors LLC increased its position in United Parcel Service by 151.5% during the fourth quarter. Resonant Capital Advisors LLC now owns 9,656 shares of the transportation company’s stock worth $1,518,000 after buying an additional 5,817 shares during the period. Finally, Greenleaf Trust increased its position in United Parcel Service by 7.0% during the fourth quarter. Greenleaf Trust now owns 11,493 shares of the transportation company’s stock worth $1,807,000 after buying an additional 752 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. BMO Capital Markets cut their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Susquehanna cut their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Evercore ISI cut their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. Oppenheimer cut their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company dropped their target price on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Insider Activity

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.7 %

NYSE:UPS traded down $0.87 on Tuesday, hitting $128.08. 1,187,712 shares of the stock were exchanged, compared to its average volume of 4,227,316. The stock has a market cap of $109.71 billion, a PE ratio of 18.54, a PEG ratio of 1.82 and a beta of 0.98. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a fifty day moving average of $133.88 and a 200-day moving average of $142.36. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $172.75.

United Parcel Service (NYSE:UPS) last announced its quarterly 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). The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.54 earnings per share. As a group, equities analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be paid a $1.63 dividend. The ex-dividend date is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.09%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

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.