Wealthfront Advisers LLC Has $8.40 Million Stake in United Parcel Service, Inc. $UPS

Wealthfront Advisers LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 72.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,202 shares of the transportation company’s stock after buying an additional 34,851 shares during the quarter. Wealthfront Advisers LLC’s holdings in United Parcel Service were worth $8,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. New Hampshire Trust lifted its holdings in shares of United Parcel Service by 28.5% during the 2nd quarter. New Hampshire Trust now owns 2,790 shares of the transportation company’s stock valued at $282,000 after buying an additional 618 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of United Parcel Service by 28.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 275,177 shares of the transportation company’s stock valued at $27,776,000 after buying an additional 60,370 shares during the last quarter. Strait & Sound Wealth Management LLC lifted its holdings in shares of United Parcel Service by 28.4% during the 2nd quarter. Strait & Sound Wealth Management LLC now owns 7,543 shares of the transportation company’s stock valued at $761,000 after buying an additional 1,669 shares during the last quarter. Brighton Jones LLC lifted its holdings in United Parcel Service by 33.9% in the 2nd quarter. Brighton Jones LLC now owns 17,917 shares of the transportation company’s stock worth $1,809,000 after purchasing an additional 4,541 shares during the last quarter. Finally, CVA Family Office LLC lifted its holdings in United Parcel Service by 6.0% in the 2nd quarter. CVA Family Office LLC now owns 2,570 shares of the transportation company’s stock worth $259,000 after purchasing an additional 146 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 2.2%

Shares of UPS stock opened at $89.12 on Tuesday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $138.67. The firm has a market cap of $75.53 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.62 and a beta of 1.10. The stock has a 50 day moving average of $85.58 and a 200-day moving average of $93.06. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS) last issued its quarterly 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 business 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 firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.79 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

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

Wall Street Analyst Weigh In

UPS has been the subject of several analyst reports. BMO Capital Markets restated a “market perform” rating and issued a $96.00 target price (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Deutsche Bank Aktiengesellschaft reduced their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. Wall Street Zen lowered United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price for the company in a report on Thursday, July 3rd. Finally, Susquehanna reduced their target price on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average target price 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 stock was acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director owned 500 shares of the company’s stock, valued at $44,085. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 10,160 shares of the company’s stock, valued at $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by corporate insiders.

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.