United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 22.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 616,317 shares of the transportation company’s stock after buying an additional 111,821 shares during the quarter. Commonwealth Equity Services LLC owned 0.07% of United Parcel Service worth $84,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blackston Financial Advisory Group LLC increased its position in shares of United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after purchasing an additional 69 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its holdings in United Parcel Service by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after buying an additional 73 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of United Parcel Service by 0.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock worth $1,269,000 after acquiring an additional 73 shares in the last quarter. MV Capital Management Inc. increased its holdings in shares of United Parcel Service by 8.6% in the 1st quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock valued at $144,000 after acquiring an additional 77 shares during the last quarter. Finally, Gleason Group Inc. raised its position in shares of United Parcel Service by 1.2% during the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UPS. Evercore ISI lowered their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. The Goldman Sachs Group dropped their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Susquehanna reduced their price target on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Stifel Nicolaus reduced their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.24.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were 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. This trade represents a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Trading Up 0.4 %

Shares of United Parcel Service stock opened at $135.93 on Friday. The company has a 50-day moving average of $130.21 and a two-hundred day moving average of $136.57. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a market cap of $116.30 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.54 earnings per share. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.80%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

United Parcel Service 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.