4,963 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by OmniStar Financial Group Inc.

OmniStar Financial Group Inc. bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,963 shares of the transportation company’s stock, valued at approximately $680,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Aspiriant LLC bought a new stake in United Parcel Service during the third quarter worth about $265,000. Aaron Wealth Advisors LLC acquired a new position in United Parcel Service during the third quarter worth approximately $281,000. Joule Financial LLC increased its position in United Parcel Service by 5.6% during the third quarter. Joule Financial LLC now owns 2,877 shares of the transportation company’s stock worth $392,000 after buying an additional 153 shares during the last quarter. Stonegate Investment Group LLC increased its position in United Parcel Service by 1,174.9% during the third quarter. Stonegate Investment Group LLC now owns 436,093 shares of the transportation company’s stock worth $59,457,000 after buying an additional 401,887 shares during the last quarter. Finally, Claro Advisors LLC increased its position in United Parcel Service by 53.8% during the third quarter. Claro Advisors LLC now owns 3,909 shares of the transportation company’s stock worth $533,000 after buying an additional 1,367 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 5,160 shares in the company, valued at $663,627.60. The trade was a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Up 0.5 %

Shares of UPS traded up $0.68 during trading hours on Friday, hitting $136.09. The stock had a trading volume of 643,947 shares, compared to its average volume of 4,174,159. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $130.01 and a 200-day simple moving average of $136.74. The firm has a market capitalization of $116.57 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm 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 business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.54 earnings per share. Sell-side analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.79%. United Parcel Service’s payout ratio is 106.36%.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Stephens decreased their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Bank of America decreased their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. TD Cowen initiated coverage on United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.24.

United Parcel Service Company 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.