Banque Cantonale Vaudoise Boosts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Banque Cantonale Vaudoise grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,015 shares of the transportation company’s stock after purchasing an additional 2,245 shares during the quarter. Banque Cantonale Vaudoise’s holdings in United Parcel Service were worth $4,109,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Northwest Financial Advisors acquired a new stake in United Parcel Service in the 4th quarter valued at $28,000. TruNorth Capital Management LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at $28,000. Security National Bank acquired a new stake in United Parcel Service in the 4th quarter valued at $31,000. Pineridge Advisors LLC acquired a new stake in United Parcel Service in the 4th quarter valued at $31,000. Finally, Riverview Trust Co acquired a new stake in United Parcel Service in the 2nd quarter valued at $32,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 1.2 %

Shares of NYSE:UPS opened at $128.55 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $110.11 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98. The firm’s 50-day moving average is $132.47 and its two-hundred day moving average is $141.30. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $172.75.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $2.54 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors 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 yield of 5.07%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UPS shares. TD Cowen started coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target on the stock. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Bank of America lowered their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. BMO Capital Markets lowered their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Finally, Robert W. Baird lowered their target price 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. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.20.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

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.