Monument Capital Management lowered its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,951 shares of the transportation company’s stock after selling 1,392 shares during the quarter. United Parcel Service accounts for 1.1% of Monument Capital Management’s portfolio, making the stock its 22nd biggest holding. Monument Capital Management’s holdings in United Parcel Service were worth $3,576,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Symmetry Partners LLC increased its position in United Parcel Service by 16.1% during the 2nd quarter. Symmetry Partners LLC now owns 8,947 shares of the transportation company’s stock valued at $1,604,000 after buying an additional 1,244 shares in the last quarter. Journey Advisory Group LLC increased its stake in United Parcel Service by 7.8% during the first quarter. Journey Advisory Group LLC now owns 1,990 shares of the transportation company’s stock worth $386,000 after acquiring an additional 144 shares during the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in shares of United Parcel Service in the first quarter valued at $666,000. DnB Asset Management AS grew its stake in United Parcel Service by 0.6% during the 1st quarter. DnB Asset Management AS now owns 173,857 shares of the transportation company’s stock worth $33,727,000 after purchasing an additional 1,024 shares in the last quarter. Finally, ARK Investment Management LLC boosted its position in shares of United Parcel Service by 2.3% during the 1st quarter. ARK Investment Management LLC now owns 12,634 shares of the transportation company’s stock worth $2,451,000 after acquiring an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 58.45% of the company’s stock.
United Parcel Service Stock Down 0.9 %
NYSE:UPS traded down $1.40 during mid-day trading on Tuesday, hitting $152.91. The company had a trading volume of 1,139,837 shares, compared to its average volume of 3,312,976. The business has a fifty day simple moving average of $171.95 and a 200-day simple moving average of $177.07. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $130.65 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.63 and a beta of 1.09. United Parcel Service, Inc. has a 1 year low of $152.78 and a 1 year high of $197.80.
United Parcel Service (NYSE:UPS – Get Free Report) last announced its earnings results on Tuesday, August 8th. The transportation company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.05. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $23.04 billion. United Parcel Service had a return on equity of 51.28% and a net margin of 10.41%. The company’s revenue was down 10.9% on a year-over-year basis. During the same period last year, the firm earned $3.29 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 9.46 earnings per share for the current fiscal year.
United Parcel Service Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 14th were paid a $1.62 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $6.48 dividend on an annualized basis and a yield of 4.24%. United Parcel Service’s dividend payout ratio (DPR) is 56.20%.
Insider Buying and Selling
In other United Parcel Service news, insider Nando Cesarone sold 22,825 shares of United Parcel Service stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $171.70, for a total value of $3,919,052.50. Following the completion of the transaction, the insider now directly owns 1 shares in the company, valued at $171.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.12% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on UPS. Stephens reaffirmed an “equal weight” rating and set a $195.00 price objective on shares of United Parcel Service in a research report on Tuesday, September 12th. Atlantic Securities initiated coverage on United Parcel Service in a report on Tuesday, June 6th. They issued a “neutral” rating and a $162.00 target price for the company. Loop Capital downgraded United Parcel Service from a “buy” rating to a “hold” rating and reduced their target price for the company from $210.00 to $195.00 in a report on Wednesday, August 9th. Barclays upped their price objective on United Parcel Service from $172.00 to $180.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Finally, Stifel Nicolaus upped their price objective on United Parcel Service to $203.00 in a research note on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average price target of $186.89.
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 letters, documents, small packages, and palletized freight through air and ground services in the United States.