Gateway Advisory LLC Purchases New Stake in United Parcel Service, Inc. (NYSE:UPS)

Gateway Advisory LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,944 shares of the transportation company’s stock, valued at approximately $266,000.

Several other institutional investors have also recently bought and sold shares of UPS. Gilbert & Cook Inc. boosted its holdings in United Parcel Service by 0.7% in the fourth quarter. Gilbert & Cook Inc. now owns 74,000 shares of the transportation company’s stock valued at $11,635,000 after acquiring an additional 540 shares during the last quarter. Aveo Capital Partners LLC acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $218,000. Gryphon Financial Partners LLC raised its stake in shares of United Parcel Service by 128.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,028 shares of the transportation company’s stock worth $493,000 after purchasing an additional 1,701 shares during the last quarter. Parallel Advisors LLC lifted its stake in United Parcel Service by 4.3% during the 4th quarter. Parallel Advisors LLC now owns 19,807 shares of the transportation company’s stock valued at $3,114,000 after acquiring an additional 817 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new position in United Parcel Service during the fourth quarter worth about $85,866,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.1 %

Shares of NYSE:UPS opened at $128.74 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. 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 capitalization of $110.14 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.90 and a beta of 0.99. The stock has a 50 day moving average price of $129.87 and a 200-day moving average price of $139.01.

United Parcel Service (NYSE:UPS) last issued its quarterly 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 company 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%. United Parcel Service’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.54 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors 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 annualized dividend and a dividend yield of 5.06%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analysts Set New Price Targets

UPS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Bank of America dropped their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Oppenheimer decreased their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Barclays dropped their target price on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company dropped their price target on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average target price of $149.68.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were purchased at an average cost 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 approximately $663,627.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.