Prosperity Consulting Group LLC sells 917 shares of United Parcel Service, Inc. (NYSE:UPS)

Prosperity Consulting Group LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 30.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,060 shares of the transportation company’s stock after selling 917 shares during the period. Prosperity Consulting Group LLC’s holdings in United Parcel Service were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Cullen Investment Group LTD. raised its holdings in United Parcel Service by 0.7% in the first 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 period. Blackston Financial Advisory Group LLC raised its position in United Parcel Service by 1.4% in 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 raised its position in shares of 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 valued at $477,000 after purchasing an additional 70 shares during the period. Moody National Bank Trust Division grew its position in shares of United Parcel Service by 0.8% in the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after purchasing an additional 71 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of United Parcel Service by 0.9% in the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock worth $1,269,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s shares.

United Parcel Service price performance

UPS stock opened at $127.24 on Monday. The company’s 50-day moving average is $130.88, and its two-hundred-day moving average is $139.88. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25, and a quick ratio of 1.25. The firm has a market cap of $108.99 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.89 and a beta of 0.99. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82.

United Parcel Service (NYSE:UPS – Get Your Free Report ) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $22.17 billion. In the same quarter last year, the company posted earnings per share of $2.54. The company’s quarterly revenue was down 1.1% year over year. Analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19. This represents a dividend of $6.52 on an annualized basis and a dividend yield of 5.12%. United Parcel Service’s payout ratio is currently 94.49%.

Insider activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. 0.13% of shares are currently held by corporate insiders.

Changes in Analyst Ratings

UPS has been the subject of several recent research reports. Susquehanna lowered their price objective on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus reduced their price objective on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Oppenheimer cut their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, Barclays cut 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 note on Wednesday, July 24th . One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.68.

See the latest stock analysis on United Parcel Service

About United Parcel Service

(Free report)

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, air freight, customs brokerage and insurance services. It operates through two segments, the US Domestic Package and the International Package. The US Domestic Packages segment provides timed delivery of express letters, documents, small packages and palletized goods via air and ground services in the United States.

See Also

Get daily United Parcel Service news and reviews – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for United Parcel Service and related companies with MarketBeat.com ‘s FREE daily email newsletter.