Vigilare Wealth Management Sells 63 Shares of United Parcel Service, Inc. (NYSE:UPS)

Vigilare Wealth Management decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,674 shares of the transportation company’s stock after selling 63 shares during the quarter. Vigilare Wealth Management’s holdings in United Parcel Service were worth $300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pacific Center for Financial Services bought a new stake in United Parcel Service during the first quarter valued at about $25,000. Worth Asset Management LLC bought a new stake in United Parcel Service during the first quarter valued at about $27,000. Carderock Capital Management Inc. bought a new stake in United Parcel Service during the first quarter valued at about $32,000. Dark Forest Capital Management LP bought a new stake in United Parcel Service during the fourth quarter valued at about $31,000. Finally, Centerpoint Advisors LLC boosted its position in United Parcel Service by 205.0% during the first quarter. Centerpoint Advisors LLC now owns 183 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 58.45% of the company’s stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $0.24 on Friday, reaching $160.49. The company’s stock had a trading volume of 4,382,293 shares, compared to its average volume of 3,152,315. The company has a market capitalization of $137.13 billion, a P/E ratio of 13.92, a PEG ratio of 1.69 and a beta of 1.09. United Parcel Service, Inc. has a 52-week low of $154.87 and a 52-week high of $197.80. The stock has a 50-day moving average price of $175.33 and a 200-day moving average price of $178.30. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.97.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, August 8th. The transportation company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.05. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $23.04 billion. United Parcel Service had a return on equity of 51.28% and a net margin of 10.41%. The business’s revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.29 earnings per share. Analysts expect that United Parcel Service, Inc. will post 9.49 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 14th were given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Friday, August 11th. United Parcel Service’s dividend payout ratio (DPR) is presently 56.20%.

Insider Activity

In other news, insider Nando Cesarone sold 22,825 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $171.70, for a total value of $3,919,052.50. Following the completion of the sale, the insider now directly owns 1 shares in the company, valued at $171.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on UPS. Evercore ISI decreased their price target on United Parcel Service from $185.00 to $179.00 and set an “in-line” rating for the company in a research note on Tuesday, September 12th. Citigroup decreased their price target on United Parcel Service from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, September 12th. UBS Group cut United Parcel Service from a “buy” rating to a “neutral” rating and decreased their price target for the company from $198.00 to $185.00 in a research note on Wednesday, August 9th. Credit Suisse Group decreased their price target on United Parcel Service from $204.00 to $194.00 and set a “neutral” rating for the company in a research note on Wednesday, August 9th. Finally, Stephens reiterated an “equal weight” rating and issued a $195.00 price target on shares of United Parcel Service in a research note on Tuesday, September 12th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $187.30.

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.