United Parcel Service, Inc. (UPS) Shares Sold by Nelson Van Denburg & Campbell Wealth Management Group LLC
Nelson Van Denburg & Campbell Wealth Management Group LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,977 shares of the transportation company’s stock after selling 416 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in United Parcel Service were worth $847,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in UPS. Legacy Financial Advisors Inc. purchased a new position in United Parcel Service in the second quarter worth $111,000. First PREMIER Bank purchased a new position in United Parcel Service in the second quarter worth $109,000. Moneta Group Investment Advisors LLC grew its position in United Parcel Service by 118.8% in the second quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock worth $117,000 after acquiring an additional 600 shares in the last quarter. Signature Wealth Management Group purchased a new position in United Parcel Service in the second quarter worth $118,000. Finally, Advisors Preferred LLC grew its position in United Parcel Service by 845.8% in the second quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock worth $121,000 after acquiring an additional 1,015 shares in the last quarter. 53.92% of the stock is currently owned by hedge funds and other institutional investors.
UPS has been the subject of several research reports. Loop Capital upped their target price on shares of United Parcel Service to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, May 30th. ValuEngine lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Monday, July 16th. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research report on Tuesday, July 24th. Finally, Goldman Sachs Group set a $139.00 target price on shares of United Parcel Service and gave the stock a “buy” rating in a research report on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. United Parcel Service has an average rating of “Hold” and a consensus price target of $125.44.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Wednesday, July 25th. The transportation company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.01. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. The business had revenue of $17.46 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same period in the prior year, the business posted $1.58 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. sell-side analysts predict that United Parcel Service, Inc. will post 7.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Monday, August 20th were given a dividend of $0.91 per share. The ex-dividend date was Friday, August 17th. This represents a $3.64 annualized dividend and a yield of 3.06%. United Parcel Service’s payout ratio is 60.57%.
In other United Parcel Service news, SVP Kathleen M. Gutmann sold 1,700 shares of the company’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total transaction of $203,864.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James J. Barber sold 2,500 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $121.94, for a total transaction of $304,850.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,512 shares of company stock valued at $1,031,932. Company insiders own 0.56% of the company’s stock.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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