Mid American Wealth Advisory Group Inc. Takes $26,000 Position in United Parcel Service, Inc. $UPS

Mid American Wealth Advisory Group Inc. bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 254 shares of the transportation company’s stock, valued at approximately $26,000.

A number of other large investors have also recently made changes to their positions in UPS. Goldman Sachs Group Inc. lifted its stake in United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after purchasing an additional 4,988,044 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of United Parcel Service by 1,056.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock worth $476,936,000 after buying an additional 3,961,255 shares during the period. Nuveen LLC purchased a new stake in shares of United Parcel Service in the first quarter worth approximately $201,358,000. Charles Schwab Investment Management Inc. lifted its stake in shares of United Parcel Service by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after acquiring an additional 1,780,807 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in United Parcel Service by 443.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock valued at $156,453,000 after acquiring an additional 1,264,842 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Evercore ISI decreased their price objective 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. Citigroup lowered their price objective on shares of United Parcel Service from $114.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Wells Fargo & Company reduced their target price on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 30th. Finally, Morgan Stanley decreased their price target 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 equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.31.

Insider Activity at United Parcel Service

In other news, Director Christiana Smith Shi bought 500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The stock was purchased 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 of the company’s stock, 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 purchased 17,182 shares of company stock valued at $1,477,382 in the last three months. 0.13% of the stock is owned by insiders.

United Parcel Service Price Performance

UPS opened at $86.88 on Tuesday. The business’s 50-day moving average is $85.59 and its two-hundred day moving average is $93.34. 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 1 year low of $82.00 and a 1 year high of $145.01. The firm has a market capitalization of $73.64 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last posted 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 firm had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.79 EPS. Research analysts anticipate 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 disclosed 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 was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.6%. United Parcel Service’s dividend payout ratio is 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.