Defined Wealth Management LLC Has $467,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Defined Wealth Management LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,414 shares of the transportation company’s stock after selling 173 shares during the period. Defined Wealth Management LLC’s holdings in United Parcel Service were worth $467,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in shares of United Parcel Service by 87.6% during the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares in the last quarter. Norges Bank bought a new stake in shares of United Parcel Service in the fourth quarter worth $1,128,322,000. First Trust Advisors LP boosted its position in United Parcel Service by 208.1% during the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after acquiring an additional 1,160,005 shares during the last quarter. Spirepoint Private Client LLC bought a new position in shares of United Parcel Service during the 1st quarter worth about $160,787,000. Finally, Franklin Resources Inc. increased its stake in United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after purchasing an additional 980,317 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.2 %

Shares of United Parcel Service stock opened at $127.40 on Friday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $164.25. The firm has a market cap of $109.13 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.89 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a 50-day simple moving average of $131.77 and a 200-day simple moving average of $140.83.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter last year, the company earned $2.54 earnings per share. The business’s revenue was down 1.1% on a year-over-year basis. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal 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 issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Insiders Place Their Bets

In other news, Director William R. Johnson bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were 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 owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. UBS Group cut their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus decreased their price objective 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. Stephens lowered their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, Robert W. Baird dropped their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $151.20.

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.