Wallace Advisory Group LLC Acquires 2,140 Shares of United Parcel Service, Inc. (NYSE:UPS)

Wallace Advisory Group LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 161.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,469 shares of the transportation company’s stock after buying an additional 2,140 shares during the quarter. Wallace Advisory Group LLC’s holdings in United Parcel Service were worth $475,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UPS. Pineridge Advisors LLC acquired a new position in United Parcel Service during the fourth quarter valued at approximately $31,000. Security National Bank acquired a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $31,000. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service in the second quarter valued at $28,000. Stephens Consulting LLC increased its holdings in United Parcel Service by 869.6% during the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after buying an additional 200 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in United Parcel Service during the second quarter worth $32,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director William R. Johnson bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, with a total value 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $134.26 on Monday. The stock has a market cap of $115.00 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.91 and a beta of 0.99. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company’s fifty day moving average is $128.75 and its 200 day moving average is $138.36. 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 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 during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.54 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. 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 4.86%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Analysts Set New Price Targets

UPS has been the subject of a number of analyst reports. Barclays decreased their price objective 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. Wells Fargo & Company reduced their price target on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Susquehanna dropped their price objective on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus reduced their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Stephens decreased their target price on 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. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service 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.