United Parcel Service, Inc. (NYSE:UPS) Stake Trimmed by Crewe Advisors LLC

Crewe Advisors LLC cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 33.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,110 shares of the transportation company’s stock after selling 565 shares during the quarter. Crewe Advisors LLC’s holdings in United Parcel Service were worth $152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Financial Advisors acquired a new stake in United Parcel Service during the 4th quarter worth about $28,000. TruNorth Capital Management LLC acquired a new position in United Parcel Service in the 2nd quarter valued at approximately $28,000. Security National Bank acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $31,000. Pineridge Advisors LLC acquired a new position in shares of United Parcel Service in the fourth quarter worth $31,000. Finally, Riverview Trust Co acquired a new stake in United Parcel Service during the second quarter valued at $32,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

UPS has been the subject of a number of recent research reports. Stephens cut their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. 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 note on Wednesday, July 24th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Evercore ISI cut their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, June 24th. Finally, Barclays decreased their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company 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 issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.20.

United Parcel Service Stock Performance

United Parcel Service stock traded up $1.57 during trading hours on Friday, hitting $128.55. The stock had a trading volume of 4,103,700 shares, compared to its average volume of 4,240,978. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $172.75. The company has a market cap of $110.11 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.90 and a beta of 0.98. The company has a 50-day moving average of $132.63 and a two-hundred day moving average of $141.46. 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 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 firm had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period last year, the business earned $2.54 earnings per share. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS 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. Stockholders of record on Monday, August 19th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.07%. United Parcel Service’s dividend payout ratio is currently 94.49%.

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.