Bogart Wealth LLC Acquires 386 Shares of United Parcel Service, Inc. $UPS

Bogart Wealth LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 96.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 785 shares of the transportation company’s stock after acquiring an additional 386 shares during the quarter. Bogart Wealth LLC’s holdings in United Parcel Service were worth $79,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cornerstone Wealth Group LLC raised its holdings in United Parcel Service by 3.9% during the second quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 97 shares during the period. Bangor Savings Bank increased its holdings in shares of United Parcel Service by 1.9% in the second quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock worth $546,000 after purchasing an additional 101 shares during the last quarter. First Dallas Securities Inc. increased its holdings in shares of United Parcel Service by 0.9% in the first quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after purchasing an additional 102 shares during the last quarter. TCV Trust & Wealth Management Inc. increased its holdings in shares of United Parcel Service by 1.4% in the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock worth $830,000 after purchasing an additional 103 shares during the last quarter. Finally, Fortis Capital Advisors LLC increased its holdings in shares of United Parcel Service by 3.4% in the first quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock worth $350,000 after purchasing an additional 104 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the company’s stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction on Thursday, July 31st. The shares were acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 17,182 shares of company stock worth $1,477,382. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UPS shares. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Susquehanna reduced their target price on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, July 30th. Bank of America reduced their target price on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Stifel Nicolaus reduced their target price on 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, Wall Street Zen cut United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $109.31.

United Parcel Service Trading Up 1.3%

UPS opened at $88.07 on Wednesday. The firm has a market cap of $74.64 billion, a P/E ratio of 13.11, a P/E/G ratio of 1.61 and a beta of 1.10. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a 50-day moving average of $85.61 and a 200 day moving average of $93.30.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.79 EPS. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current 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 was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.4%. United Parcel Service’s dividend payout ratio (DPR) is currently 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.