TFG Advisers LLC Raises Holdings in United Parcel Service, Inc. $UPS

TFG Advisers LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,252 shares of the transportation company’s stock after buying an additional 453 shares during the period. TFG Advisers LLC’s holdings in United Parcel Service were worth $833,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service during the first quarter worth about $26,000. Citizens National Bank Trust Department increased its position in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Hemington Wealth Management raised its holdings in United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after buying an additional 115 shares during the period. Saudi Central Bank acquired a new position in United Parcel Service during the first quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in United Parcel Service during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome acquired 11,682 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christiana Smith Shi bought 500 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director owned 500 shares of the company’s stock, valued at $44,085. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 17,182 shares of company stock valued at $1,477,382 in the last quarter. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $84.35 on Thursday. The stock has a 50 day moving average of $86.88 and a 200-day moving average of $95.92. The stock has a market cap of $71.49 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPSGet Free Report) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS 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 analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.United Parcel Service’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.79 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm 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 payout ratio is 97.62%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on UPS shares. Barclays reduced 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. Susquehanna reduced their price objective on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. Evercore ISI lowered their target price on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a research note on Wednesday, July 30th. Bank of America dropped their target price on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Finally, Citigroup decreased their price target on United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.38.

Check Out Our Latest Report on UPS

United Parcel Service Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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