Atomi Financial Group Inc. Grows Holdings in United Parcel Service, Inc. (NYSE:UPS)

Atomi Financial Group Inc. lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 65.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,655 shares of the transportation company’s stock after acquiring an additional 3,030 shares during the quarter. Atomi Financial Group Inc.’s holdings in United Parcel Service were worth $1,044,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Pineridge Advisors LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth $31,000. TruNorth Capital Management LLC purchased a new position in United Parcel Service during the 2nd quarter valued at about $28,000. Stephens Consulting LLC grew 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 acquiring an additional 200 shares in the last quarter. Riverview Trust Co purchased a new stake in United Parcel Service during the second quarter worth about $32,000. Finally, Centerpoint Advisors LLC lifted its position in shares of 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 purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors 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 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 purchase, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. This trade 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 the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.2 %

NYSE UPS opened at $130.96 on Wednesday. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a market capitalization of $112.18 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s fifty day moving average price is $128.95 and its 200 day moving average price is $137.47.

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

United Parcel Service Announces Dividend

The firm also recently announced 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 of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.98%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Barclays dropped their price target on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Evercore ISI decreased their target price on 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. Finally, Susquehanna reduced their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $149.68.

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.