Paralel Advisors LLC Increases Position in United Parcel Service, Inc. (NYSE:UPS)

Paralel Advisors LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 55.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,358 shares of the transportation company’s stock after purchasing an additional 5,489 shares during the quarter. Paralel Advisors LLC’s holdings in United Parcel Service were worth $2,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Financial Advisors bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $28,000. TruNorth Capital Management LLC bought a new position in United Parcel Service in the 2nd quarter valued at approximately $28,000. Security National Bank purchased a new stake in United Parcel Service during the 4th quarter valued at $31,000. Pineridge Advisors LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth $31,000. Finally, Riverview Trust Co bought a new stake in shares of United Parcel Service in the 2nd quarter worth $32,000. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UPS. JPMorgan Chase & Co. lowered their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Susquehanna lowered their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. TD Cowen initiated coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target for the company. Barclays decreased their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, UBS Group cut their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.20.

Insider Activity

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

United Parcel Service Price Performance

Shares of NYSE:UPS traded up $0.14 during trading on Friday, hitting $127.54. 3,590,415 shares of the company’s stock were exchanged, compared to its average volume of 4,260,735. The business’s 50-day simple moving average is $131.59 and its 200 day simple moving average is $140.63. The company has a market cap of $109.12 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.90 and a beta of 0.99. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. 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 (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the business earned $2.54 earnings per share. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed 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. This represents a $6.52 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 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.