United Parcel Service, Inc. $UPS Shares Acquired by Eagle Bluffs Wealth Management LLC

Eagle Bluffs Wealth Management LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.1% during the second quarter, HoldingsChannel.com reports. The firm owned 7,251 shares of the transportation company’s stock after buying an additional 349 shares during the period. Eagle Bluffs Wealth Management LLC’s holdings in United Parcel Service were worth $732,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Juncture Wealth Strategies LLC increased its position in shares of United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock valued at $454,000 after acquiring an additional 101 shares during the period. Bangor Savings Bank increased its position in shares of United Parcel Service by 1.9% in the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock valued at $546,000 after acquiring an additional 101 shares during the period. First Dallas Securities Inc. increased its position in shares of United Parcel Service by 0.9% in the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock valued at $1,256,000 after acquiring an additional 102 shares during the period. TCV Trust & Wealth Management Inc. increased its position in shares of United Parcel Service by 1.4% in the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock valued at $830,000 after acquiring an additional 103 shares during the period. Finally, Fortis Capital Advisors LLC increased its position in shares of United Parcel Service by 3.4% in the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after acquiring an additional 104 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

NYSE:UPS opened at $84.46 on Tuesday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $71.59 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08. The stock’s 50-day moving average price is $87.61 and its 200-day moving average price is $96.09.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the business earned $1.79 earnings per share. United Parcel Service’s revenue was down 2.7% on a year-over-year basis. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UPS. Stifel Nicolaus cut their target price on United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. BNP Paribas Exane raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target on the stock in a research report on Thursday, July 3rd. Morgan Stanley cut their price target on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 30th. Evercore ISI cut their price target on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 30th. Finally, Oppenheimer cut their price target on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $111.38.

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.