Noble Family Wealth LLC Acquires 245 Shares of United Parcel Service, Inc. (NYSE:UPS)

Noble Family Wealth LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,275 shares of the transportation company’s stock after purchasing an additional 245 shares during the period. Noble Family Wealth LLC’s holdings in United Parcel Service were worth $996,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CapWealth Advisors LLC boosted its holdings in United Parcel Service by 1.2% in the fourth quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after acquiring an additional 686 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of United Parcel Service by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock valued at $578,053,000 after purchasing an additional 200,297 shares in the last quarter. KLCM Advisors Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $2,410,000. United Services Automobile Association lifted its holdings in shares of United Parcel Service by 235.3% in the fourth quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock valued at $37,316,000 after purchasing an additional 166,557 shares in the last quarter. Finally, Natixis bought a new position in shares of United Parcel Service in the first quarter valued at approximately $121,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stephens dropped their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and raised their target price for the company from $150.00 to $170.00 in a report on Thursday, April 25th. BMO Capital Markets decreased their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Wells Fargo & Company decreased their price target on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Finally, Robert W. Baird decreased their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.00.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

United Parcel Service stock traded up $1.63 during midday trading on Tuesday, hitting $126.49. 3,056,142 shares of the company’s stock were exchanged, compared to its average volume of 4,265,573. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $176.44. The stock has a 50-day moving average price of $134.80 and a two-hundred day moving average price of $143.11. 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 has a market cap of $108.22 billion, a P/E ratio of 18.22, a PEG ratio of 1.75 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the previous year, the firm earned $2.54 earnings per share. United Parcel Service’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.59 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s payout ratio is currently 94.49%.

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.