ERTS Wealth Advisors LLC Sells 316 Shares of United Parcel Service, Inc. (NYSE:UPS)

ERTS Wealth Advisors LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,584 shares of the transportation company’s stock after selling 316 shares during the period. ERTS Wealth Advisors LLC’s holdings in United Parcel Service were worth $352,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. TruNorth Capital Management LLC bought a new stake in shares of United Parcel Service in the second quarter worth $28,000. Riverview Trust Co bought a new position in shares of United Parcel Service during the second quarter worth about $32,000. Centerpoint Advisors LLC lifted its stake in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares during the period. Stephens Consulting LLC boosted its holdings in United Parcel Service by 869.6% in the first 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. Finally, Tortoise Investment Management LLC increased its position in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 155 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on UPS. Stifel Nicolaus cut their price target on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Bank of America cut their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Wells Fargo & Company increased their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Evercore ISI dropped their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, June 24th. Finally, Robert W. Baird reduced their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.24.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by insiders.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded up $0.04 during trading hours on Friday, hitting $135.45. 362,455 shares of the company’s stock traded hands, compared to its average volume of 4,172,766. The company has a fifty day simple moving average of $130.01 and a 200-day simple moving average of $136.74. 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 stock has a market capitalization of $116.02 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 1.98 and a beta of 0.99. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate 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 company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the firm posted $2.54 EPS. The business’s revenue was down 1.1% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS 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. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.81%. United Parcel Service’s payout ratio is presently 106.36%.

United Parcel Service 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.