Studio Investment Management LLC Acquires 767 Shares of United Parcel Service, Inc. (NYSE:UPS)

Studio Investment Management LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 18.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,988 shares of the transportation company’s stock after buying an additional 767 shares during the period. Studio Investment Management LLC’s holdings in United Parcel Service were worth $683,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vaughan David Investments LLC IL raised its holdings in United Parcel Service by 27.4% during the second quarter. Vaughan David Investments LLC IL now owns 31,438 shares of the transportation company’s stock worth $4,302,000 after acquiring an additional 6,767 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in shares of United Parcel Service by 38.0% in the 2nd quarter. Angeles Wealth Management LLC now owns 3,020 shares of the transportation company’s stock valued at $413,000 after buying an additional 832 shares during the last quarter. Carson Advisory Inc. grew its stake in shares of United Parcel Service by 34.2% in the second quarter. Carson Advisory Inc. now owns 13,174 shares of the transportation company’s stock valued at $1,803,000 after buying an additional 3,354 shares in the last quarter. Steigerwald Gordon & Koch Inc. increased its holdings in United Parcel Service by 2.0% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 93,347 shares of the transportation company’s stock worth $12,775,000 after buying an additional 1,858 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its stake in United Parcel Service by 11.7% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,844 shares of the transportation company’s stock valued at $389,000 after acquiring an additional 299 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPS has been the topic of a number of research analyst reports. BMO Capital Markets dropped their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Baird R W raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Barclays decreased their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Stephens cut their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, Bank of America reduced their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.20.

United Parcel Service Price Performance

United Parcel Service stock opened at $129.83 on Wednesday. The stock’s fifty day moving average price is $131.34 and its two-hundred day moving average price is $140.29. The firm has a market cap of $111.21 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.88 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly 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). The company had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $2.54 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.02%. United Parcel Service’s dividend payout ratio is 94.49%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

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.