United Parcel Service, Inc. $UPS Shares Bought by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 47,381 shares of the transportation company’s stock after purchasing an additional 2,793 shares during the quarter. United Parcel Service accounts for about 1.0% of Rowlandmiller & PARTNERS.ADV’s holdings, making the stock its 29th biggest holding. Rowlandmiller & PARTNERS.ADV’s holdings in United Parcel Service were worth $4,783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Juncture Wealth Strategies LLC boosted its holdings in shares of United Parcel Service by 2.5% during the first quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock valued at $454,000 after acquiring an additional 101 shares during the period. First Dallas Securities Inc. raised its stake in shares of United Parcel Service by 0.9% during the first quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock valued at $1,256,000 after purchasing an additional 102 shares in the last quarter. TCV Trust & Wealth Management Inc. raised its stake in shares of United Parcel Service by 1.4% during the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock valued at $830,000 after purchasing an additional 103 shares in the last quarter. Fortis Capital Advisors LLC raised its stake in shares of United Parcel Service by 3.4% during the first quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after purchasing an additional 104 shares in the last quarter. Finally, Lodestone Wealth Management LLC raised its stake in shares of United Parcel Service by 6.2% during the first quarter. Lodestone Wealth Management LLC now owns 1,895 shares of the transportation company’s stock valued at $208,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $84.40 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The company’s 50-day moving average price is $91.22 and its two-hundred day moving average price is $98.96. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The stock has a market cap of $71.53 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.United Parcel Service’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.79 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.8%. The ex-dividend date was Monday, August 18th. United Parcel Service’s payout ratio is presently 97.62%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UPS shares. Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Sunday, September 7th. Citigroup cut their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Vertical Research restated a “hold” rating and set a $103.00 price objective on shares of United Parcel Service in a research note on Wednesday, July 30th. Wells Fargo & Company cut their price objective on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 30th. Finally, Argus dropped their price target on shares of United Parcel Service from $150.00 to $120.00 in a research report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $112.34.

Insiders Place Their Bets

In related news, CEO Carol B. Tome acquired 11,682 shares of the business’s stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the acquisition, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 17,182 shares of company stock worth $1,477,382. 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.