Pacer Advisors Inc. Raises Holdings in United Parcel Service, Inc. (NYSE:UPS)

Pacer Advisors Inc. boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 14.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328,330 shares of the transportation company’s stock after purchasing an additional 40,988 shares during the period. Pacer Advisors Inc.’s holdings in United Parcel Service were worth $44,932,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Pineridge Advisors LLC bought a new stake in United Parcel Service in the fourth quarter valued at $31,000. Security National Bank bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $31,000. TruNorth Capital Management LLC purchased a new position in United Parcel Service during the second quarter valued at $28,000. Stephens Consulting LLC lifted its position in United Parcel Service by 869.6% during 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 during the period. Finally, Riverview Trust Co purchased a new position in shares of United Parcel Service during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $128.60 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market cap of $110.02 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. The business’s fifty day simple moving average is $130.18 and its 200-day simple moving average is $139.28. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.54 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm 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 was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.07%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stephens cut their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Baird R W raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company lowered their price objective on shares of 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. Bank of America dropped their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Finally, Stifel Nicolaus decreased their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus price target of $149.68.

Insider Buying and Selling at United Parcel Service

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 $663,627.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by 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.