United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 22.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 616,317 shares of the transportation company’s stock after buying an additional 111,821 shares during the quarter. Commonwealth Equity Services LLC’s holdings in United Parcel Service were worth $84,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at $28,000. Stephens Consulting LLC boosted its position in United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after buying an additional 200 shares during the last quarter. Riverview Trust Co acquired a new stake in United Parcel Service during the 2nd quarter valued at approximately $32,000. Centerpoint Advisors LLC increased its stake in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. Finally, Financial Synergies Wealth Advisors Inc. raised its stake in shares of United Parcel Service by 1,933.3% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 244 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Up 0.4 %

UPS opened at $135.93 on Friday. The business has a 50 day moving average of $130.21 and a 200-day moving average of $136.57. The stock has a market capitalization of $116.30 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.98 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period last year, the company earned $2.54 earnings per share. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.80%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is presently 94.49%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UPS. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. BMO Capital Markets cut their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. TD Cowen began coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group dropped their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.24.

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.