United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Providence Capital Advisors LLC

Providence Capital Advisors LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,198 shares of the transportation company’s stock after acquiring an additional 399 shares during the quarter. Providence Capital Advisors LLC’s holdings in United Parcel Service were worth $2,764,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. United Services Automobile Association increased its stake in shares of United Parcel Service by 235.3% in the fourth quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock valued at $37,316,000 after purchasing an additional 166,557 shares during the period. Natixis bought a new position in shares of United Parcel Service in the first quarter valued at approximately $121,000. Financial Partners Group LLC boosted its holdings in shares of United Parcel Service by 23.9% in the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after acquiring an additional 5,069 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of United Parcel Service by 12.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock valued at $8,853,000 after acquiring an additional 6,502 shares in the last quarter. Finally, Nvwm LLC boosted its holdings in shares of United Parcel Service by 3.7% in the first quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock valued at $399,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UPS. TD Cowen began 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 for the company. Evercore ISI decreased their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Susquehanna reduced their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Robert W. Baird reduced their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, UBS Group decreased their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.68.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were bought 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 in the company, valued at approximately $663,627.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 0.1 %

United Parcel Service stock opened at $128.74 on Tuesday. The company has a market capitalization of $110.14 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.90 and a beta of 0.99. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm’s fifty day simple moving average is $129.87 and its 200-day simple moving average is $139.01.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 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%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.54 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 5.06%. United Parcel Service’s dividend payout ratio is 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.