2,021 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by Howard Financial Services LTD.

Howard Financial Services LTD. purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,021 shares of the transportation company’s stock, valued at approximately $276,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in United Parcel Service by 87.6% during the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after purchasing an additional 8,475,698 shares in the last quarter. Marshall Wace LLP boosted its stake in United Parcel Service by 284.8% during the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after buying an additional 1,901,914 shares in the last quarter. Spirepoint Private Client LLC acquired a new position in United Parcel Service during the first quarter worth about $160,787,000. Confluence Investment Management LLC acquired a new stake in United Parcel Service in the 1st quarter valued at about $100,176,000. Finally, Interval Partners LP bought a new position in shares of United Parcel Service during the 1st quarter valued at about $90,099,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.8 %

United Parcel Service stock opened at $132.03 on Wednesday. The firm has a market cap of $113.09 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.93 and a beta of 0.99. The firm has a fifty day moving average price of $128.99 and a two-hundred day moving average price of $137.29. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results 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 firm 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%. The company’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.54 earnings per share. As a group, analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.94%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insider Transactions at United Parcel Service

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 shares were acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group cut their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. 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. Barclays reduced their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Stephens cut their price objective 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. Finally, Bank of America decreased their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.30.

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.