U.S. Capital Wealth Advisors LLC Sells 38,491 Shares of United Parcel Service, Inc. $UPS

U.S. Capital Wealth Advisors LLC reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 42.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,636 shares of the transportation company’s stock after selling 38,491 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in United Parcel Service were worth $4,313,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of UPS. Evelyn Partners Investment Management Europe Ltd boosted its stake in United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of United Parcel Service in the second quarter valued at $26,000. Saudi Central Bank bought a new position in shares of United Parcel Service in the first quarter valued at about $32,000. Flaharty Asset Management LLC bought a new position in shares of United Parcel Service in the first quarter valued at about $33,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in United Parcel Service during the 2nd quarter worth about $34,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 0.1%

Shares of NYSE:UPS opened at $101.93 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $86.48 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 2.43 and a beta of 1.11. The company has a 50 day moving average of $93.97 and a 200-day moving average of $92.80. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $136.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. During the same period in the prior year, the business posted $1.76 earnings per share. United Parcel Service’s revenue was down 3.7% compared to the same quarter last year. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on UPS shares. Wells Fargo & Company raised their price objective on shares of United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. BMO Capital Markets reissued a “market perform” rating and set a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. UBS Group raised their price target on shares of United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $110.09.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.