Bokf Na Acquires 1,237 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bokf Na lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,395 shares of the transportation company’s stock after acquiring an additional 1,237 shares during the quarter. Bokf Na’s holdings in United Parcel Service were worth $4,930,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Blackston Financial Advisory Group LLC bought a new stake in United Parcel Service in the fourth quarter worth about $791,000. Schechter Investment Advisors LLC raised its holdings in shares of United Parcel Service by 8.5% in the 4th quarter. Schechter Investment Advisors LLC now owns 7,483 shares of the transportation company’s stock worth $1,177,000 after purchasing an additional 586 shares during the period. SeaCrest Wealth Management LLC lifted its stake in United Parcel Service by 1.0% in the fourth quarter. SeaCrest Wealth Management LLC now owns 7,193 shares of the transportation company’s stock valued at $1,142,000 after purchasing an additional 69 shares during the last quarter. Brown Miller Wealth Management LLC grew its holdings in United Parcel Service by 1.1% during the fourth quarter. Brown Miller Wealth Management LLC now owns 8,498 shares of the transportation company’s stock valued at $1,336,000 after purchasing an additional 90 shares during the period. Finally, DeDora Capital Inc. increased its position in United Parcel Service by 6.1% in the fourth quarter. DeDora Capital Inc. now owns 4,933 shares of the transportation company’s stock worth $776,000 after buying an additional 284 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on UPS. 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 research note on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday. Stifel Nicolaus dropped their price target on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $170.00 in a research note on Thursday, April 25th. Finally, Barclays dropped their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $154.95.

United Parcel Service Price Performance

NYSE UPS traded up $1.75 during trading hours on Friday, reaching $128.83. 7,271,324 shares of the stock traded hands, compared to its average volume of 5,001,099. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.04. The company has a market cap of $110.22 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.76 and a beta of 0.98. The stock has a 50 day simple moving average of $137.64 and a two-hundred day simple moving average of $145.59. United Parcel Service, Inc. has a 1 year low of $124.80 and a 1 year high of $189.65.

United Parcel Service (NYSE:UPS) last issued 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 business had revenue of $21.82 billion for the quarter, compared to the consensus estimate 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 was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.54 earnings per share. On average, analysts predict that United Parcel Service, Inc. will post 7.64 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 5.06%. United Parcel Service’s payout ratio is 94.49%.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred on 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 transaction, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

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.