United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 30.8% in the 2nd quarter, Holdings Channel reports. The firm owned 2,060 shares of the transportation company’s stock after selling 917 shares during the period. Prosperity Consulting Group LLC’s holdings in United Parcel Service were worth $282,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in UPS. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the second quarter valued at approximately $28,000. Security National Bank acquired a new stake in United Parcel Service during the 4th quarter worth $31,000. Pineridge Advisors LLC purchased a new position in United Parcel Service during the 4th quarter worth $31,000. Riverview Trust Co acquired a new position in United Parcel Service in the second quarter valued at $32,000. Finally, Centerpoint Advisors LLC raised its holdings 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 valued at $32,000 after buying an additional 175 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $127.24 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a market cap of $108.99 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.89 and a beta of 0.99. The company’s 50-day moving average price is $130.88 and its 200 day moving average price is $139.88. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results 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 net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the prior year, the company earned $2.54 earnings per share. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.12%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analysts Set New Price Targets

Several brokerages recently issued reports on UPS. Oppenheimer dropped their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Susquehanna dropped their target price on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. BMO Capital Markets decreased their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Stephens lowered their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $149.68.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

About United Parcel Service

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.