Mayflower Financial Advisors LLC Trims Position in United Parcel Service, Inc. (NYSE:UPS)

Mayflower Financial Advisors LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,351 shares of the transportation company’s stock after selling 763 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in United Parcel Service were worth $732,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Northwest Financial Advisors bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $28,000. Pineridge Advisors LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $31,000. Security National Bank bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $31,000. TruNorth Capital Management LLC bought a new stake in shares of United Parcel Service during the 2nd quarter valued at about $28,000. Finally, Stephens Consulting LLC boosted its position in shares of United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

United Parcel Service Trading Down 1.2 %

Shares of NYSE:UPS opened at $127.40 on Friday. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $164.25. The business’s fifty day simple moving average is $131.77 and its 200-day simple moving average is $140.83. The company has a market capitalization of $109.13 billion, a PE ratio of 18.46, a P/E/G ratio of 1.89 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) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the business posted $2.54 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UPS shares. Robert W. Baird dropped their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. TD Cowen assumed coverage on United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. JPMorgan Chase & Co. dropped their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Bank of America dropped their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Stephens dropped their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.20.

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.