Great Valley Advisor Group Inc. Has $4.75 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Great Valley Advisor Group Inc. grew its position in United Parcel Service, Inc. (NYSE:UPS) by 154.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,706 shares of the transportation company’s stock after purchasing an additional 21,048 shares during the period. Great Valley Advisor Group Inc.’s holdings in United Parcel Service were worth $4,750,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of United Parcel Service by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock worth $10,568,798,000 after buying an additional 178,394 shares during the last quarter. 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. Franklin Resources Inc. increased its holdings in United Parcel Service by 11.4% during the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after buying an additional 980,317 shares during the last quarter. Norges Bank bought a new stake in United Parcel Service during the fourth quarter worth $1,128,322,000. Finally, Clearbridge Investments LLC lifted its stake in United Parcel Service by 6.5% in the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after acquiring an additional 406,248 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

United Parcel Service stock traded down $0.38 during mid-day trading on Wednesday, hitting $126.11. 1,032,370 shares of the company traded hands, compared to its average volume of 4,244,367. The stock has a fifty day moving average price of $134.61 and a 200-day moving average price of $142.88. The stock has a market cap of $107.89 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $174.56. 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 released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS 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 firm had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the company earned $2.54 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post 7.59 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 19th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date is Monday, August 19th. United Parcel Service’s payout ratio is currently 94.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on UPS shares. Stephens reduced their price target 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. Oppenheimer reduced their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. UBS Group dropped their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Robert W. Baird decreased their price target 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. Finally, BMO Capital Markets dropped their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

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.