Private Wealth Partners LLC Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Private Wealth Partners LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 12.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,750 shares of the transportation company’s stock after acquiring an additional 300 shares during the quarter. Private Wealth Partners LLC’s holdings in United Parcel Service were worth $376,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UPS. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service during the second quarter valued at approximately $28,000. Security National Bank bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $31,000. Pineridge Advisors LLC purchased a new position in United Parcel Service during the 4th quarter valued at $31,000. Riverview Trust Co bought a new position in United Parcel Service in the 2nd quarter valued at $32,000. Finally, Centerpoint Advisors LLC increased its stake in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UPS. Susquehanna lowered their target price on shares of 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. Robert W. Baird lowered their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. UBS Group reduced 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 research report on Wednesday, July 24th. Bank of America lowered their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Finally, Barclays reduced their price objective 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.20.

United Parcel Service Price Performance

Shares of UPS opened at $128.50 on Thursday. The company has a 50 day moving average of $131.21 and a two-hundred day moving average of $140.21. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a market cap of $109.94 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.88 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share 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 business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same period in the previous year, the business earned $2.54 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders 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 dividend yield of 5.07%. 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.