Compass Wealth Management LLC Sells 3,610 Shares of United Parcel Service, Inc. (NYSE:UPS)

Compass Wealth Management LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 57.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,625 shares of the transportation company’s stock after selling 3,610 shares during the quarter. Compass Wealth Management LLC’s holdings in United Parcel Service were worth $358,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blackston Financial Advisory Group LLC raised its holdings in shares of United Parcel Service by 1.4% in the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after purchasing an additional 69 shares during the last quarter. Legacy Wealth Asset Management LLC grew its stake in United Parcel Service by 2.1% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock valued at $519,000 after purchasing an additional 73 shares during the period. Cornerstone Wealth Management LLC increased its position in shares of United Parcel Service by 0.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock valued at $1,269,000 after purchasing an additional 73 shares during the last quarter. MV Capital Management Inc. raised its stake in shares of United Parcel Service by 8.6% during the 1st quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock worth $144,000 after purchasing an additional 77 shares during the period. Finally, Gleason Group Inc. boosted its holdings in shares of United Parcel Service by 1.2% in the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after buying an additional 77 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the subject of a number of research analyst reports. Stephens decreased their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Wells Fargo & Company upped their price objective on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Citigroup started coverage on United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective for the company. Barclays lowered their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, Robert W. Baird cut their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $151.24.

Insider Activity

In other news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. This represents a 3,100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.3 %

Shares of UPS stock opened at $135.44 on Friday. The company has a market capitalization of $116.02 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The business’s fifty day moving average is $130.01 and its 200 day moving average is $136.74. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25.

United Parcel Service (NYSE:UPS) last announced its 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). The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. During the same quarter in the prior year, the company earned $2.54 earnings per share. United Parcel Service’s revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.81%. United Parcel Service’s dividend payout ratio is presently 106.36%.

United Parcel Service 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.