Legacy Financial Advisors Inc. Buys 2,304 Shares of United Parcel Service, Inc. (NYSE:UPS)

Legacy Financial Advisors Inc. lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 36.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,643 shares of the transportation company’s stock after purchasing an additional 2,304 shares during the period. Legacy Financial Advisors Inc.’s holdings in United Parcel Service were worth $1,183,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in UPS. Pineridge Advisors LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth about $31,000. Security National Bank bought a new stake in United Parcel Service in the fourth quarter valued at approximately $31,000. TruNorth Capital Management LLC bought a new stake in United Parcel Service in the second quarter valued at approximately $28,000. Stephens Consulting LLC lifted its position in shares of United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after buying an additional 200 shares during the last quarter. Finally, Riverview Trust Co bought a new position in shares of United Parcel Service during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of several research reports. BMO Capital Markets decreased their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Oppenheimer reduced their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Barclays lowered their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock 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. Finally, JPMorgan Chase & Co. lowered their price objective 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. One equities research 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 company. According to data from MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service Stock Down 2.6 %

United Parcel Service stock opened at $128.63 on Friday. The company has a market capitalization of $110.18 billion, a PE ratio of 18.64, a PEG ratio of 1.90 and a beta of 0.99. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The firm’s fifty day moving average is $130.18 and its 200 day moving average is $139.35. 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 posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period last year, the company posted $2.54 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 5.07%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Insiders Place Their Bets

In related 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 acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

About United Parcel Service

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.