Peloton Wealth Strategists Cuts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Peloton Wealth Strategists decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,276 shares of the transportation company’s stock after selling 85 shares during the quarter. United Parcel Service makes up 1.4% of Peloton Wealth Strategists’ holdings, making the stock its 29th biggest position. Peloton Wealth Strategists’ holdings in United Parcel Service were worth $3,322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of UPS. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the second quarter valued at about $28,000. Security National Bank acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $31,000. Pineridge Advisors LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $31,000. Riverview Trust Co acquired a new stake in shares of United Parcel Service in the second quarter valued at about $32,000. Finally, Centerpoint Advisors LLC grew its position 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 purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on UPS shares. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Robert W. Baird lowered their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Susquehanna lowered their price target on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Stifel Nicolaus lowered 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. Finally, Bank of America lowered their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.68.

Insider Activity at United Parcel Service

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

United Parcel Service Stock Up 0.7 %

Shares of NYSE UPS opened at $134.25 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average is $128.75 and its two-hundred day moving average is $138.61. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The firm has a market cap of $115.00 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.91 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (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 firm 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 firm posted $2.54 EPS. United Parcel Service’s quarterly revenue was down 1.1% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is 94.49%.

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.