United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by MQS Management LLC

MQS Management LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 35.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,199 shares of the transportation company’s stock after buying an additional 1,348 shares during the quarter. MQS Management LLC’s holdings in United Parcel Service were worth $711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Palouse Capital Management Inc. raised its stake in United Parcel Service by 37.1% during the second quarter. Palouse Capital Management Inc. now owns 18,319 shares of the transportation company’s stock valued at $2,507,000 after buying an additional 4,955 shares in the last quarter. Garner Asset Management Corp raised its stake in United Parcel Service by 28.1% during the second quarter. Garner Asset Management Corp now owns 12,452 shares of the transportation company’s stock valued at $1,704,000 after buying an additional 2,734 shares in the last quarter. Miramar Capital LLC raised its stake in United Parcel Service by 8.6% during the second quarter. Miramar Capital LLC now owns 94,176 shares of the transportation company’s stock valued at $12,888,000 after buying an additional 7,449 shares in the last quarter. Paces Ferry Wealth Advisors LLC raised its stake in United Parcel Service by 15.0% during the second quarter. Paces Ferry Wealth Advisors LLC now owns 4,314 shares of the transportation company’s stock valued at $590,000 after buying an additional 563 shares in the last quarter. Finally, SkyOak Wealth LLC raised its stake in United Parcel Service by 8.1% during the second quarter. SkyOak Wealth LLC now owns 16,986 shares of the transportation company’s stock valued at $2,325,000 after buying an additional 1,267 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity

In related news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Stephens dropped their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. BMO Capital Markets dropped their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus dropped their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.68.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $130.69 on Thursday. The stock has a fifty day moving average price of $130.58 and a two-hundred day moving average price of $139.55. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $111.94 billion, a P/E ratio of 18.94, a PEG 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.

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 analysts’ consensus estimates 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 net margin of 5.87% and a return on equity of 35.27%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.54 earnings per share. Research analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business 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 of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.99%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

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.