Franklin Street Advisors Inc. NC Increases Stock Holdings in United Parcel Service, Inc. $UPS

Franklin Street Advisors Inc. NC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,972 shares of the transportation company’s stock after acquiring an additional 255 shares during the period. Franklin Street Advisors Inc. NC’s holdings in United Parcel Service were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of UPS. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service in the 1st quarter valued at approximately $26,000. Citizens National Bank Trust Department boosted its stake in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after buying an additional 210 shares in the last quarter. Hemington Wealth Management boosted its stake in shares of 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 in the last quarter. Saudi Central Bank purchased a new stake in shares of United Parcel Service in the first quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of United Parcel Service in the first quarter valued at approximately $33,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

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

Analysts Set New Price Targets

A number of analysts recently weighed in on UPS shares. Morgan Stanley decreased their price target on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 30th. Citigroup decreased their price target on United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft decreased their price target on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their price target on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus decreased their price target on United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research note 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 given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $110.16.

United Parcel Service Stock Performance

Shares of UPS stock opened at $86.79 on Friday. The stock has a fifty day moving average price of $86.20 and a 200 day moving average price of $95.48. The stock has a market cap of $73.56 billion, a PE ratio of 12.92, a P/E/G ratio of 1.58 and a beta of 1.10. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. 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 issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same period in the prior year, the firm posted $1.79 earnings per share. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. Sell-side 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 business 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. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is 97.62%.

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.