United Parcel Service, Inc. (NYSE:UPS) Shares Bought by ProVise Management Group LLC

ProVise Management Group LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,695 shares of the transportation company’s stock after purchasing an additional 783 shares during the quarter. ProVise Management Group LLC’s holdings in United Parcel Service were worth $2,695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC purchased a new position in United Parcel Service during the second quarter worth approximately $28,000. Security National Bank purchased a new position in United Parcel Service in the 4th quarter worth approximately $31,000. Pineridge Advisors LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $31,000. Riverview Trust Co acquired a new stake in shares of United Parcel Service in the second quarter valued at approximately $32,000. Finally, Centerpoint Advisors LLC lifted its position in United Parcel Service by 291.7% during 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 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 bought 5,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 1.1 %

Shares of NYSE:UPS opened at $132.11 on Friday. 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 fifty-two week low of $123.12 and a fifty-two week high of $163.82. The stock has a market cap of $113.16 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. The firm’s 50 day moving average price is $130.45 and its 200 day moving average price is $139.50.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data 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). The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.54 earnings per share. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.94%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analyst Ratings Changes

UPS has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Stephens dropped their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Oppenheimer reduced their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Susquehanna cut their target price on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, TD Cowen started coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $149.68.

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.