Thoroughbred Financial Services LLC Raises Position in United Parcel Service, Inc. (NYSE:UPS)

Thoroughbred Financial Services LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 106.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,363 shares of the transportation company’s stock after buying an additional 2,246 shares during the period. Thoroughbred Financial Services LLC’s holdings in United Parcel Service were worth $597,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UPS. Fiduciary Group LLC raised its holdings in shares of United Parcel Service by 26.1% during the second quarter. Fiduciary Group LLC now owns 9,095 shares of the transportation company’s stock valued at $1,245,000 after purchasing an additional 1,885 shares during the last quarter. Pinkerton Retirement Specialists LLC raised its holdings in shares of United Parcel Service by 10.1% during the second quarter. Pinkerton Retirement Specialists LLC now owns 27,337 shares of the transportation company’s stock valued at $3,741,000 after purchasing an additional 2,514 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of United Parcel Service by 4.4% during the second quarter. GHP Investment Advisors Inc. now owns 18,160 shares of the transportation company’s stock valued at $2,485,000 after purchasing an additional 766 shares during the last quarter. Meeder Advisory Services Inc. raised its holdings in shares of United Parcel Service by 19.6% during the second quarter. Meeder Advisory Services Inc. now owns 10,715 shares of the transportation company’s stock valued at $1,466,000 after purchasing an additional 1,755 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of United Parcel Service by 271.7% during the second quarter. Meeder Asset Management Inc. now owns 394 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 288 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Stephens cut their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. TD Cowen assumed coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price for the company. Stifel Nicolaus cut their target price on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Barclays cut their target price on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, Evercore ISI dropped their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service Price Performance

United Parcel Service stock opened at $128.88 on Tuesday. The company has a market cap of $110.26 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.89 and a beta of 0.99. The firm’s fifty day moving average is $130.75 and its 200 day moving average is $139.74. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.54 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.06%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

United Parcel Service 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.