Buck Wealth Strategies LLC Sells 39,554 Shares of United Parcel Service, Inc. (NYSE:UPS)

Buck Wealth Strategies LLC lessened its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 89.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,470 shares of the transportation company's stock after selling 39,554 shares during the period. Buck Wealth Strategies LLC's holdings in United Parcel Service were worth $612,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cullen Investment Group LTD. increased its holdings in United Parcel Service by 0.7% in the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company's stock valued at $1,480,000 after purchasing an additional 68 shares during the period. Blackston Financial Advisory Group LLC increased its stake 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 buying an additional 69 shares during the period. Versant Capital Management Inc raised its position in shares of United Parcel Service by 2.2% during the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company's stock worth $477,000 after acquiring an additional 70 shares during the last quarter. Moody National Bank Trust Division lifted its stake in shares of United Parcel Service by 0.8% in the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company's stock worth $1,354,000 after acquiring an additional 71 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its holdings in United Parcel Service by 2.1% in the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company's stock valued at $519,000 after acquiring an additional 73 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the stock in a transaction on Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now directly owns 5,160 shares of the company's stock, valued at approximately $663,627.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $150.00 to $144.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 24th. UBS Group lowered their price objective on United Parcel Service from $175.00 to $159.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. Baird R W upgraded United Parcel Service to a "strong-buy" rating in a research report on Wednesday, July 24th. Stephens lowered their target price on 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. Finally, Stifel Nicolaus dropped their price target on United Parcel Service from $170.00 to $151.00 and set a "buy" rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $149.68.

United Parcel Service Stock Up 0.7 %

UPS traded up $0.93 during midday trading on Friday, reaching $134.26. 4,104,431 shares of the company were exchanged, compared to its average volume of 4,279,536. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The company's fifty day moving average price is $128.75 and its 200 day moving average price is $138.36. The company has a market cap of $115.00 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.91 and a beta of 0.99.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS. As a group, analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service's dividend payout ratio is currently 94.49%.

United Parcel Service Company 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.