Frank Rimerman Advisors LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 23.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,933 shares of the transportation company’s stock after buying an additional 4,907 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in United Parcel Service were worth $2,618,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Andra AP fonden boosted its position in shares of United Parcel Service by 95.9% during the 2nd quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock worth $33,611,000 after purchasing an additional 163,000 shares in the last quarter. Equity Investment Corp raised its stake in United Parcel Service by 16.8% during the 2nd quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock worth $114,118,000 after buying an additional 162,364 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in United Parcel Service by 5.5% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 647,271 shares of the transportation company’s stock worth $65,336,000 after acquiring an additional 34,029 shares in the last quarter. Founders Capital Management LLC grew its stake in United Parcel Service by 8.3% in the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock valued at $11,245,000 after acquiring an additional 8,579 shares during the period. Finally, AE Wealth Management LLC increased its holdings in shares of United Parcel Service by 10.9% during the second quarter. AE Wealth Management LLC now owns 49,712 shares of the transportation company’s stock valued at $5,018,000 after acquiring an additional 4,885 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Stock Down 1.9%
United Parcel Service stock opened at $94.20 on Tuesday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $138.67. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.30. The firm’s 50-day simple moving average is $88.11 and its 200 day simple moving average is $92.86. The stock has a market cap of $79.84 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11.
United Parcel Service Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be given a $1.64 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 7.0%. United Parcel Service’s payout ratio is currently 101.39%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of 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. BMO Capital Markets reissued a “market perform” rating and set a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Evercore ISI lowered their target price on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a report on Wednesday, July 30th. Finally, Citigroup lifted their price target on United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $110.00.
Get Our Latest Research Report on United Parcel Service
Insider Transactions at United Parcel Service
In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was 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 $44,085. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.
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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