Envestnet Portfolio Solutions Inc. Purchases 20,704 Shares of United Parcel Service, Inc. $UPS

Envestnet Portfolio Solutions Inc. increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 44.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,531 shares of the transportation company’s stock after buying an additional 20,704 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in United Parcel Service were worth $6,817,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Bangor Savings Bank boosted its holdings in shares of United Parcel Service by 1.9% during the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock worth $546,000 after buying an additional 101 shares during the period. First Dallas Securities Inc. boosted its holdings in United Parcel Service by 0.9% in the 1st 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 during the period. TCV Trust & Wealth Management Inc. boosted its holdings in United Parcel Service by 1.4% in the 1st 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 during the period. Fortis Capital Advisors LLC boosted its holdings in United Parcel Service by 3.4% in the 1st 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 during the period. Finally, Wright Investors Service Inc. boosted its holdings in United Parcel Service by 1.3% in the 2nd quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock valued at $793,000 after purchasing an additional 104 shares during the period. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UPS. Barclays reduced their price target on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, July 31st. Vertical Research reissued a “hold” rating and issued a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. Evercore ISI reduced their price target on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $96.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Finally, Morgan Stanley dropped 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 research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $109.31.

United Parcel Service Trading Up 0.9%

Shares of United Parcel Service stock opened at $83.97 on Wednesday. The stock has a market capitalization of $71.17 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The company has a 50-day simple moving average of $85.65 and a 200 day simple moving average of $93.97. 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 announced its earnings results 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). The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.79 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a $1.64 dividend. 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 dividend payout ratio (DPR) is presently 97.62%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director directly owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by corporate insiders.

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.