Hodges Capital Management Inc. Increases Position in United Parcel Service, Inc. $UPS

Hodges Capital Management Inc. lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 15.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,012 shares of the transportation company’s stock after buying an additional 824 shares during the period. Hodges Capital Management Inc.’s holdings in United Parcel Service were worth $661,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Gallacher Capital Management LLC bought a new stake in shares of United Parcel Service in the 1st quarter worth approximately $620,000. Garde Capital Inc. bought a new stake in shares of United Parcel Service in the 1st quarter worth approximately $37,000. Golden State Wealth Management LLC raised its holdings in shares of United Parcel Service by 61.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company’s stock worth $173,000 after purchasing an additional 599 shares during the period. CWA Asset Management Group LLC raised its holdings in shares of United Parcel Service by 5.9% in the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company’s stock worth $381,000 after purchasing an additional 193 shares during the period. Finally, Advisor Resource Council bought a new stake in shares of United Parcel Service in the 1st quarter worth approximately $437,000. Institutional investors own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In related news, Director Christiana Smith Shi bought 500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the transaction, the director owned 500 shares of the company’s stock, valued at approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

UPS has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, July 8th. UBS Group lowered their target price on shares of United Parcel Service from $124.00 to $118.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Oppenheimer lowered their target price on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Barclays lowered their target price on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, July 31st. Finally, BNP Paribas raised shares of United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average target price of $112.34.

United Parcel Service Trading Down 0.3%

United Parcel Service stock opened at $84.40 on Friday. The stock has a market cap of $71.53 billion, a P/E ratio of 12.56, a PEG ratio of 1.56 and a beta of 1.08. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The firm’s fifty day moving average price is $91.22 and its 200-day moving average price is $98.96. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. United Parcel Service’s dividend payout ratio is presently 97.62%.

United Parcel Service 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.