United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,163 shares of the transportation company’s stock after acquiring an additional 1,179 shares during the period. Impact Partnership Wealth LLC’s holdings in United Parcel Service were worth $980,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Northwest Financial Advisors acquired a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. TruNorth Capital Management LLC acquired a new position in shares of United Parcel Service during the second quarter valued at $28,000. Security National Bank bought a new stake in United Parcel Service in the 4th quarter valued at about $31,000. Pineridge Advisors LLC acquired a new position in United Parcel Service during the 4th quarter valued at about $31,000. Finally, Riverview Trust Co acquired a new stake in shares of United Parcel Service in the second quarter valued at approximately $32,000. 60.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.2 %

Shares of United Parcel Service stock traded down $0.21 during trading on Thursday, hitting $128.71. The stock had a trading volume of 707,952 shares, compared to its average volume of 4,238,153. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $164.25. The stock has a 50 day simple moving average of $131.94 and a 200 day simple moving average of $140.92. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $110.25 billion, a PE ratio of 18.68, a P/E/G ratio of 1.89 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm 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 posted $2.54 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on UPS shares. Stephens lowered their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Susquehanna decreased their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report 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 report on Monday, July 22nd. Oppenheimer lowered their price objective 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. Finally, TD Cowen initiated coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.20.

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.