Simplicity Wealth LLC Sells 2,111 Shares of United Parcel Service, Inc. $UPS

Simplicity Wealth LLC decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,553 shares of the transportation company’s stock after selling 2,111 shares during the quarter. Simplicity Wealth LLC’s holdings in United Parcel Service were worth $1,065,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service in the first quarter worth about $26,000. Citizens National Bank Trust Department raised its holdings in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after acquiring an additional 210 shares in the last quarter. Hemington Wealth Management raised its holdings in shares of United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after acquiring an additional 115 shares in the last quarter. Saudi Central Bank bought a new position in shares of United Parcel Service during the 1st quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of United Parcel Service in the first quarter valued at $33,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent research reports. Barclays decreased their price target on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday, July 31st. Galvan Research lowered their price target on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a report on Monday, June 30th. Vertical Research reiterated a “hold” rating and issued a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. Stifel Nicolaus decreased their price objective on United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company dropped their target price on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $110.16.

Insider Buying and Selling

In related news, Director Christiana Smith Shi bought 500 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director directly owned 500 shares of the company’s stock, valued at approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Carol B. Tome purchased 11,682 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 17,182 shares of company stock valued at $1,477,382 in the last 90 days. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.2%

UPS opened at $86.61 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50 day moving average price is $85.91 and its 200-day moving average price is $94.97. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The stock has a market cap of $73.41 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 1.60 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. United Parcel Service’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.79 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. United Parcel Service’s dividend payout ratio is presently 97.62%.

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.