United Parcel Service, Inc. (NYSE:UPS) Stake Lifted by Successful Portfolios LLC

Successful Portfolios LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,889 shares of the transportation company’s stock after acquiring an additional 85 shares during the period. Successful Portfolios LLC’s holdings in United Parcel Service were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new position in United Parcel Service during the 2nd quarter worth $28,000. Pineridge Advisors LLC bought a new position in United Parcel Service during the 4th quarter worth $31,000. Riverview Trust Co bought a new position in United Parcel Service during the 2nd quarter worth $32,000. Centerpoint Advisors LLC grew its stake in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. Finally, Stephens Consulting LLC grew its stake in United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after buying an additional 200 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Up 1.4 %

UPS stock traded up $1.86 during mid-day trading on Friday, hitting $134.70. The stock had a trading volume of 492,525 shares, compared to its average volume of 4,200,329. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $115.38 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.96 and a beta of 0.99. The company has a fifty day moving average of $129.08 and a 200 day moving average of $137.23. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.54 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post 7.42 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is 106.36%.

Insider Activity

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the stock in a transaction on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, with a total value 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. This represents a 3,100.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UPS shares. TD Cowen started coverage on United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target for the company. The Goldman Sachs Group decreased their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday. Evercore ISI decreased their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. Barclays decreased their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, Baird R W raised United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $151.24.

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.