 Flagship Harbor Advisors LLC lifted its position in shares of  United Parcel Service, Inc. (NYSE:UPS – Free Report) by 57.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,172 shares of the transportation company’s stock after buying an additional 2,606 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in United Parcel Service were worth $724,000 at the end of the most recent quarter.
Flagship Harbor Advisors LLC lifted its position in shares of  United Parcel Service, Inc. (NYSE:UPS – Free Report) by 57.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,172 shares of the transportation company’s stock after buying an additional 2,606 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in United Parcel Service were worth $724,000 at the end of the most recent quarter. 
Several other hedge funds and other institutional investors have also made changes to their positions in UPS. Founders Capital Management LLC increased its position in United Parcel Service by 8.3% during the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock worth $11,245,000 after purchasing an additional 8,579 shares in the last quarter. Gallacher Capital Management LLC purchased a new stake in United Parcel Service during the 1st quarter worth about $620,000. Capital CS Group LLC increased its position in United Parcel Service by 3.6% during the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock worth $23,730,000 after purchasing an additional 8,070 shares in the last quarter. CX Institutional increased its position in United Parcel Service by 39.9% during the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock worth $6,073,000 after purchasing an additional 17,152 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in United Parcel Service by 20.1% in the 2nd quarter. Stephens Inc. AR now owns 90,368 shares of the transportation company’s stock valued at $9,122,000 after buying an additional 15,135 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Stock Down 2.4%
Shares of NYSE:UPS opened at $95.03 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.30. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $138.67. The stock has a market capitalization of $80.55 billion, a P/E ratio of 14.69, a PEG ratio of 2.29 and a beta of 1.10. The stock has a 50-day simple moving average of $86.14 and a 200-day simple moving average of $93.07.
United Parcel Service Dividend Announcement
The company also recently announced 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 dividend on an annualized basis and a dividend yield of 6.9%. United Parcel Service’s payout ratio is presently 101.39%.
Insider Buying and Selling
In related news, Director Christiana Smith Shi purchased 500 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was purchased 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 in the company, valued at $44,085. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.
Analysts Set New Price Targets
Several analysts have commented on the company. Bank of America lowered their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a report on Friday, September 26th. JPMorgan Chase & Co. lifted their price target on United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target 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. Morgan Stanley lowered their price target on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a report on Wednesday, July 30th. Finally, Susquehanna lifted their price target on United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $110.00.
Read Our Latest Stock Report on UPS
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.
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