Daner Wealth Management LLC Sells 7,749 Shares of United Parcel Service, Inc. $UPS

Daner Wealth Management LLC lessened its position in United Parcel Service, Inc. (NYSE:UPS) by 67.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,699 shares of the transportation company’s stock after selling 7,749 shares during the quarter. Daner Wealth Management LLC’s holdings in United Parcel Service were worth $320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Evelyn Partners Investment Management Europe Ltd increased its stake in shares of United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. bought a new stake in United Parcel Service during the 2nd quarter valued at approximately $26,000. Salzhauer Michael acquired a new stake in United Parcel Service in the 3rd quarter valued at approximately $31,000. Flaharty Asset Management LLC bought a new position in United Parcel Service in the 1st quarter worth approximately $33,000. Finally, RMG Wealth Management LLC acquired a new position in shares of United Parcel Service during the second quarter worth approximately $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UPS. Truist Financial raised their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. BMO Capital Markets restated a “market perform” rating and issued a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Stephens raised shares of United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Susquehanna increased their target price on shares of United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $110.09.

United Parcel Service Stock Performance

NYSE UPS opened at $99.23 on Friday. The stock has a market cap of $84.19 billion, a P/E ratio of 15.34, a PEG ratio of 2.36 and a beta of 1.11. The company’s 50-day simple moving average is $96.52 and its 200 day simple moving average is $92.87. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $136.99. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The firm had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter last year, the company earned $1.76 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.6%. United Parcel Service’s payout ratio is currently 101.39%.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.