United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Weaver C. Barksdale & Associates Inc.

Weaver C. Barksdale & Associates Inc. raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 71.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,530 shares of the transportation company’s stock after buying an additional 6,073 shares during the period. United Parcel Service comprises approximately 1.9% of Weaver C. Barksdale & Associates Inc.’s investment portfolio, making the stock its 20th biggest position. Weaver C. Barksdale & Associates Inc.’s holdings in United Parcel Service were worth $1,988,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in UPS. Cullen Investment Group LTD. boosted its position in United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after purchasing an additional 68 shares during the last quarter. Blackston Financial Advisory Group LLC lifted its position in shares of United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after purchasing an additional 69 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of United Parcel Service by 2.2% in the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after acquiring an additional 70 shares during the period. Moody National Bank Trust Division grew its position in United Parcel Service by 0.8% during the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after buying an additional 71 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its position in United Parcel Service by 2.1% in the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after purchasing an additional 73 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was acquired 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 of the company’s stock, valued at $663,627.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UPS. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Bank of America lowered their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Stifel Nicolaus lowered their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Stephens lowered their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, Wells Fargo & Company lowered their target price on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.68.

United Parcel Service Stock Up 1.1 %

Shares of NYSE UPS opened at $132.11 on Friday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The firm 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 company’s 50-day simple moving average is $130.45 and its 200-day simple moving average is $139.50. 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 (NYSE:UPS) last issued its quarterly earnings data 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 company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.54 earnings per share. Equities analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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