Guidance Capital Inc. Purchases 687 Shares of United Parcel Service, Inc. (NYSE:UPS)

Guidance Capital Inc. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,648 shares of the transportation company’s stock after acquiring an additional 687 shares during the period. Guidance Capital Inc.’s holdings in United Parcel Service were worth $1,519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. Northwest Financial Advisors purchased a new stake in United Parcel Service in the fourth quarter worth approximately $28,000. TruNorth Capital Management LLC purchased a new stake in United Parcel Service in the second quarter worth approximately $28,000. Security National Bank purchased a new stake in United Parcel Service in the fourth quarter worth approximately $31,000. Pineridge Advisors LLC purchased a new stake in United Parcel Service in the fourth quarter worth approximately $31,000. Finally, Riverview Trust Co purchased a new stake in United Parcel Service in the second quarter worth approximately $32,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 1.2 %

United Parcel Service stock traded up $1.57 during trading hours on Monday, hitting $128.55. The company had a trading volume of 4,116,000 shares, compared to its average volume of 4,240,979. The firm has a market cap of $110.11 billion, a P/E ratio of 18.63, a P/E/G ratio of 1.89 and a beta of 0.98. 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, Inc. has a 1 year low of $123.12 and a 1 year high of $172.75. The company has a 50-day moving average price of $132.47 and a two-hundred day moving average price of $141.28.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the firm earned $2.54 earnings per share. United Parcel Service’s quarterly revenue was down 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be given a $1.63 dividend. The ex-dividend date is Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.07%. United Parcel Service’s payout ratio is presently 94.49%.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly 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 the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of several analyst reports. Oppenheimer dropped their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Bank of America dropped their price target 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. TD Cowen assumed coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Finally, Stephens lowered their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.20.

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.