Daymark Wealth Partners LLC Raises Position in United Parcel Service, Inc. (NYSE:UPS)

Daymark Wealth Partners LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,395 shares of the transportation company’s stock after buying an additional 6,383 shares during the period. Daymark Wealth Partners LLC’s holdings in United Parcel Service were worth $9,870,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sei Investments Co. lifted its position in shares of United Parcel Service by 0.3% during the 4th quarter. Sei Investments Co. now owns 299,422 shares of the transportation company’s stock worth $47,078,000 after buying an additional 951 shares in the last quarter. Vista Investment Management lifted its holdings in United Parcel Service by 6.2% during the fourth quarter. Vista Investment Management now owns 4,232 shares of the transportation company’s stock worth $665,000 after acquiring an additional 247 shares during the period. Jacobi Capital Management LLC boosted its position in United Parcel Service by 1.2% in the fourth quarter. Jacobi Capital Management LLC now owns 16,232 shares of the transportation company’s stock worth $2,552,000 after purchasing an additional 186 shares during the last quarter. Redwood Investment Management LLC grew its stake in United Parcel Service by 26.4% in the 4th quarter. Redwood Investment Management LLC now owns 15,247 shares of the transportation company’s stock valued at $2,397,000 after purchasing an additional 3,183 shares during the period. Finally, Washington Trust Bank increased its position in shares of United Parcel Service by 17.7% during the 4th quarter. Washington Trust Bank now owns 3,381 shares of the transportation company’s stock valued at $532,000 after purchasing an additional 508 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of a number of research analyst reports. UBS Group cut their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Evercore ISI dropped their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. Bank of America decreased their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Citigroup assumed coverage on shares of United Parcel Service in a report on Wednesday. They issued a “buy” rating and a $162.00 price target on the stock. Finally, Susquehanna reduced their price objective on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $150.30.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded up $1.95 on Wednesday, hitting $132.91. 669,772 shares of the company traded hands, compared to its average volume of 4,217,822. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month 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 company has a market cap of $113.85 billion, a P/E ratio of 19.20, a P/E/G ratio of 1.93 and a beta of 0.99. The firm’s 50-day simple moving average is $128.99 and its 200 day simple moving average is $137.29.

United Parcel Service (NYSE:UPS) last issued its quarterly 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 for 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 company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $2.54 EPS. Analysts expect 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 issued a $1.63 dividend. 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 4.91%. United Parcel Service’s payout ratio is 94.49%.

Insider Activity

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction on Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, with a total value 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 trade represents a 3,100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

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.