AlphaStar Capital Management LLC Invests $717,000 in United Parcel Service, Inc. (NYSE:UPS)

AlphaStar Capital Management LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,241 shares of the transportation company’s stock, valued at approximately $717,000.

Other institutional investors have also bought and sold shares of the company. Northwest Financial Advisors acquired a new position in shares of United Parcel Service during the 4th quarter valued at $28,000. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at about $28,000. Security National Bank bought a new stake in United Parcel Service in the 4th quarter valued at about $31,000. Pineridge Advisors LLC acquired a new position in United Parcel Service during the 4th quarter worth approximately $31,000. Finally, Riverview Trust Co bought a new position in United Parcel Service in the second quarter worth approximately $32,000. Institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on UPS. Barclays decreased their target price on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Susquehanna cut their target price on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Wells Fargo & Company lowered their price target on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, UBS Group decreased their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.20.

United Parcel Service Trading Down 0.6 %

NYSE:UPS traded down $0.72 during midday trading on Tuesday, hitting $128.54. 674,625 shares of the company traded hands, compared to its average volume of 4,236,306. The firm’s fifty day moving average is $133.09 and its 200-day moving average is $141.79. The firm has a market capitalization of $110.10 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.85 and a beta of 0.98. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $172.75.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the company earned $2.54 earnings per share. United Parcel Service’s revenue was down 1.1% on a year-over-year basis. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.47 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s payout ratio is 94.49%.

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.