Confluence Wealth Services Inc. Acquires 720 Shares of United Parcel Service, Inc. $UPS

Confluence Wealth Services Inc. boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 11.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,909 shares of the transportation company’s stock after buying an additional 720 shares during the period. Confluence Wealth Services Inc.’s holdings in United Parcel Service were worth $697,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Graybill Wealth Management LTD. acquired a new position in shares of United Parcel Service in the 1st quarter valued at $26,000. Citizens National Bank Trust Department lifted its stake in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after buying an additional 210 shares during the period. Hemington Wealth Management boosted its holdings in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after buying an additional 115 shares during the last quarter. Saudi Central Bank acquired a new position in shares of United Parcel Service during the 1st quarter worth about $32,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

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

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $86.61 on Tuesday. The firm has a market cap of $73.41 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. The stock’s 50-day moving average is $85.91 and its 200-day moving average is $94.97. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. 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 (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (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 firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the business posted $1.79 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday, July 30th. Bank of America decreased their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a report on Friday, September 26th. Oppenheimer dropped their price objective on 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. Morgan Stanley reduced their target price on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a report on Wednesday, July 30th. Finally, Citigroup lowered their price target on United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average price target of $110.16.

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.