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

by · The Cerbat Gem

Annex Advisory Services LLC decreased its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,570 shares of the transportation company’s stock after selling 139 shares during the period. Annex Advisory Services LLC’s holdings in United Parcel Service were worth $623,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UPS. Integrated Advisors Network LLC boosted its stake in shares of United Parcel Service by 13.2% in the 4th quarter. Integrated Advisors Network LLC now owns 12,358 shares of the transportation company’s stock valued at $1,943,000 after purchasing an additional 1,445 shares in the last quarter. Centaurus Financial Inc. boosted its position in United Parcel Service by 1.7% in the fourth quarter. Centaurus Financial Inc. now owns 5,833 shares of the transportation company’s stock valued at $917,000 after buying an additional 96 shares in the last quarter. Scarborough Advisors LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth $87,000. Pineridge Advisors LLC bought a new position in shares of United Parcel Service in the 4th quarter valued at $31,000. Finally, Greenwood Capital Associates LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $215,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 1.3 %

UPS opened at $134.60 on Monday. The company has a fifty day moving average price of $129.21 and a two-hundred day moving average price of $136.96. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a market cap of $115.30 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS – Get Free Report) last posted its quarterly 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 analyst estimates of $22.17 billion. During the same period last year, the company posted $2.54 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is currently 106.36%.

Analyst Ratings Changes

UPS has been the subject of several research reports. Evercore ISI dropped their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. Susquehanna cut their target price on shares of 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. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Citigroup began coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They set a “buy” rating and a $162.00 price target for the company. Finally, Bank of America decreased their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $151.24.

View Our Latest Research Report on United Parcel Service

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Company Profile

(Free Report)

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.

Further Reading

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