Mutual Advisors LLC Boosts Holdings in United Parcel Service, Inc. $UPS

Mutual Advisors LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 70,354 shares of the transportation company’s stock after buying an additional 11,315 shares during the quarter. Mutual Advisors LLC’s holdings in United Parcel Service were worth $7,286,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Generali Asset Management SPA SGR boosted its stake in shares of United Parcel Service by 39.4% during the 2nd quarter. Generali Asset Management SPA SGR now owns 73,677 shares of the transportation company’s stock worth $7,437,000 after acquiring an additional 20,811 shares during the last quarter. Ritholtz Wealth Management raised its holdings in United Parcel Service by 30.0% in the 2nd quarter. Ritholtz Wealth Management now owns 5,890 shares of the transportation company’s stock worth $595,000 after purchasing an additional 1,359 shares during the period. TD Asset Management Inc raised its holdings in United Parcel Service by 1.4% in the 2nd quarter. TD Asset Management Inc now owns 361,180 shares of the transportation company’s stock worth $36,458,000 after purchasing an additional 4,885 shares during the period. Morningstar Investment Management LLC purchased a new position in United Parcel Service during the second quarter valued at $836,000. Finally, Harbour Trust & Investment Management Co grew its holdings in United Parcel Service by 4.0% during the second quarter. Harbour Trust & Investment Management Co now owns 6,077 shares of the transportation company’s stock valued at $613,000 after purchasing an additional 234 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UPS shares. Oppenheimer decreased 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. Galvan Research lowered their price target on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, June 30th. Evercore ISI dropped 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 research report on Wednesday, July 30th. Citigroup decreased their price objective on shares of United Parcel Service from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company dropped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $109.31.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $83.97 on Wednesday. The firm has a market cap of $71.17 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.53 and a beta of 1.10. The firm has a fifty day moving average price of $85.65 and a 200 day moving average price of $93.97. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS) last announced its quarterly 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 company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. During the same quarter in the prior year, the firm posted $1.79 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

Insider Activity at United Parcel Service

In other news, Director Christiana Smith Shi purchased 500 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director directly owned 500 shares of the company’s stock, valued at $44,085. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction on Friday, August 1st. The stock was purchased at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the purchase, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 17,182 shares of company stock valued at $1,477,382. Insiders own 0.13% of the company’s stock.

About United Parcel Service

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.