Moneywise Inc. Invests $978,000 in United Parcel Service, Inc. $UPS

Moneywise Inc. bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,688 shares of the transportation company’s stock, valued at approximately $978,000.

Several other institutional investors have also recently made changes to their positions in the business. Juncture Wealth Strategies LLC raised 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 worth $454,000 after purchasing an additional 101 shares during the last quarter. Bangor Savings Bank raised its holdings in shares of United Parcel Service by 1.9% during the second quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock worth $546,000 after purchasing an additional 101 shares during the last quarter. First Dallas Securities Inc. raised its holdings 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 worth $1,256,000 after purchasing an additional 102 shares during the last quarter. TCV Trust & Wealth Management Inc. raised its holdings 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 worth $830,000 after purchasing an additional 103 shares during the last quarter. Finally, Fortis Capital Advisors LLC raised its holdings 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 worth $350,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of several recent research reports. Bank of America reissued an “underperform” rating and set a $83.00 target price (down previously from $91.00) on shares of United Parcel Service in a report on Thursday, September 11th. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, July 8th. Wolfe Research cut their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a report on Tuesday, July 1st. Morgan Stanley cut their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a report on Wednesday, July 30th. Finally, Vertical Research reaffirmed a “hold” rating and issued a $103.00 price objective on shares of United Parcel Service in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $111.44.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Carol B. Tome bought 11,682 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 17,182 shares of company stock valued at $1,477,382 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 0.5%

UPS stock opened at $83.98 on Thursday. The stock has a market capitalization of $71.18 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.56 and a beta of 1.08. The firm has a 50-day simple moving average of $88.55 and a 200-day simple moving average of $97.06. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.79 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

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.