LifeGuide Financial Advisors LLC Boosts Position in United Parcel Service, Inc. $UPS

LifeGuide Financial Advisors LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 15.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,920 shares of the transportation company’s stock after purchasing an additional 649 shares during the quarter. LifeGuide Financial Advisors LLC’s holdings in United Parcel Service were worth $497,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Eagle Bluffs Wealth Management LLC raised its holdings in United Parcel Service by 5.1% in the second quarter. Eagle Bluffs Wealth Management LLC now owns 7,251 shares of the transportation company’s stock valued at $732,000 after buying an additional 349 shares during the period. Park Place Capital Corp raised its stake in shares of United Parcel Service by 574.1% during the second quarter. Park Place Capital Corp now owns 11,203 shares of the transportation company’s stock valued at $1,170,000 after purchasing an additional 9,541 shares during the period. Gleason Group Inc. raised its stake in shares of United Parcel Service by 1.7% during the second quarter. Gleason Group Inc. now owns 6,864 shares of the transportation company’s stock valued at $693,000 after purchasing an additional 113 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of United Parcel Service by 2.9% during the second quarter. Raleigh Capital Management Inc. now owns 6,971 shares of the transportation company’s stock valued at $704,000 after purchasing an additional 195 shares during the period. Finally, Venture Visionary Partners LLC raised its stake in shares of United Parcel Service by 97.6% during the second quarter. Venture Visionary Partners LLC now owns 48,449 shares of the transportation company’s stock valued at $4,890,000 after purchasing an additional 23,935 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $84.46 on Tuesday. The company has a market cap of $71.59 billion, a PE ratio of 12.57, a P/E/G ratio of 1.54 and a beta of 1.08. The company has a fifty day moving average price of $87.61 and a two-hundred day moving average price of $96.09. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01.

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

United Parcel Service Dividend Announcement

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

Insider Activity

In related news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Carol B. Tome acquired 11,682 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the purchase, the chief executive officer 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. Over the last quarter, insiders bought 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UPS shares. Wolfe Research dropped their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 1st. JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 8th. Citigroup dropped 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. Oppenheimer dropped their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Finally, Wall Street Zen lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $111.38.

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.