Centerpoint Advisors LLC Boosts Stake in United Parcel Service, Inc. $UPS

Centerpoint Advisors LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 127.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 414 shares of the transportation company’s stock after purchasing an additional 232 shares during the period. Centerpoint Advisors LLC’s holdings in United Parcel Service were worth $42,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Cornerstone Wealth Group LLC boosted its position in shares of United Parcel Service by 3.9% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock worth $258,000 after purchasing an additional 97 shares during the period. Bangor Savings Bank lifted its holdings in 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 in the last quarter. First Dallas Securities Inc. lifted its holdings in United Parcel Service by 0.9% during the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after buying an additional 102 shares in the last quarter. Fortis Capital Advisors LLC lifted its holdings in United Parcel Service by 3.4% during the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock worth $350,000 after buying an additional 104 shares in the last quarter. Finally, Wright Investors Service Inc. lifted its holdings in United Parcel Service by 1.3% during the 2nd quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock worth $793,000 after buying an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In related news, CEO Carol B. Tome purchased 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christiana Smith Shi purchased 500 shares of United Parcel Service stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director owned 500 shares of the company’s stock, valued at $44,085. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 17,182 shares of company stock valued at $1,477,382 over the last ninety days. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. Wolfe Research reduced their target price on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, July 1st. BNP Paribas Exane upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price on the stock in a report on Thursday, July 3rd. Stifel Nicolaus reduced their target price on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Finally, Susquehanna reduced their target price on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, July 30th. One 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $109.31.

United Parcel Service Price Performance

Shares of UPS opened at $89.12 on Tuesday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $138.67. The firm’s fifty day simple moving average is $85.58 and its 200-day simple moving average is $93.06. The firm has a market capitalization of $75.53 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.62 and a beta of 1.10. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

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

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.4%. United Parcel Service’s payout ratio is 97.62%.

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.