United Parcel Service, Inc. $UPS Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 61.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,047 shares of the transportation company’s stock after selling 6,506 shares during the period. Simplicity Wealth LLC’s holdings in United Parcel Service were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after acquiring an additional 4,723 shares during the period. Sivia Capital Partners LLC acquired a new stake in United Parcel Service during the second quarter worth about $277,000. Patton Fund Management Inc. purchased a new position in United Parcel Service during the second quarter worth about $227,000. Diversified Enterprises LLC boosted its holdings in United Parcel Service by 25.4% in the 2nd quarter. Diversified Enterprises LLC now owns 2,467 shares of the transportation company’s stock valued at $249,000 after purchasing an additional 499 shares during the last quarter. Finally, LVW Advisors LLC grew its stake in shares of United Parcel Service by 34.2% in the 2nd quarter. LVW Advisors LLC now owns 4,578 shares of the transportation company’s stock valued at $462,000 after buying an additional 1,167 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. UBS Group lifted their target price on United Parcel Service from $113.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Citigroup upped their price target on United Parcel Service from $120.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. BNP Paribas Exane downgraded United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price objective for the company. in a research report on Tuesday, January 13th. Finally, Wolfe Research restated a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $111.84.

United Parcel Service Price Performance

UPS stock opened at $108.02 on Monday. The business’s fifty day moving average price is $100.47 and its 200 day moving average price is $93.33. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $136.99. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $91.65 billion, a PE ratio of 16.70, a P/E/G ratio of 2.33 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. The company had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.United Parcel Service’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.76 EPS. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were issued a $1.64 dividend. The ex-dividend date was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. United Parcel Service’s payout ratio is 101.39%.

United Parcel Service Company 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.