Mirador Capital Partners LP acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,134 shares of the transportation company’s stock, valued at approximately $552,000.
Several other hedge funds and other institutional investors have also bought and sold shares of UPS. Dynamic Advisor Solutions LLC lifted its stake in shares of United Parcel Service by 10.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 47,005 shares of the transportation company’s stock valued at $5,053,000 after purchasing an additional 4,539 shares during the period. GAMMA Investing LLC grew its stake in United Parcel Service by 28.8% during the second quarter. GAMMA Investing LLC now owns 16,624 shares of the transportation company’s stock worth $1,787,000 after purchasing an additional 3,722 shares during the period. Canandaigua National Bank & Trust Co. bought a new stake in United Parcel Service in the second quarter worth approximately $910,000. Waller Financial Planning Group Inc. increased its holdings in United Parcel Service by 7.1% in the second quarter. Waller Financial Planning Group Inc. now owns 14,665 shares of the transportation company’s stock worth $1,576,000 after purchasing an additional 969 shares in the last quarter. Finally, Grove Bank & Trust lifted its stake in United Parcel Service by 49.8% in the second quarter. Grove Bank & Trust now owns 379 shares of the transportation company’s stock valued at $41,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Price Performance
Shares of UPS opened at $103.24 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The business’s fifty day moving average is $109.38 and its 200 day moving average is $106.63. The company has a quick ratio of 1.21, a current ratio of 1.18 and a debt-to-equity ratio of 1.58. The stock has a market cap of $87.76 billion, a P/E ratio of 19.19, a P/E/G ratio of 1.95 and a beta of 1.06.
United Parcel Service Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 17th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Monday, August 17th. United Parcel Service’s dividend payout ratio is currently 121.93%.
Wall Street Analyst Weigh In
UPS has been the subject of several recent analyst reports. Evercore reduced their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. Citigroup increased their target price on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings cut shares of United Parcel Service from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Oppenheimer upped their price objective on shares of United Parcel Service from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, UBS Group increased their price objective on shares of United Parcel Service from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $117.41.
Check Out Our Latest Analysis on UPS
United Parcel Service Company Profile
United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.
The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.
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