O Keefe Stevens Advisory Inc. Purchases 1,397 Shares of United Parcel Service, Inc. (NYSE:UPS)

O Keefe Stevens Advisory Inc. boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 61.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,665 shares of the transportation company’s stock after purchasing an additional 1,397 shares during the quarter. O Keefe Stevens Advisory Inc.’s holdings in United Parcel Service were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in UPS. TruNorth Capital Management LLC bought a new stake in shares of United Parcel Service during the second quarter worth approximately $28,000. Pineridge Advisors LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at $31,000. Riverview Trust Co acquired a new position in shares of United Parcel Service in the 2nd quarter valued at $32,000. Centerpoint Advisors LLC lifted its stake in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the period. Finally, Stephens Consulting LLC boosted its position in shares of United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The trade was a 3,100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UPS shares. TD Cowen started coverage on United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price on the stock. Stifel Nicolaus reduced their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Bank of America reduced their price target on shares of 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, UBS Group lowered their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $149.68.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $130.96 on Wednesday. The stock has a market capitalization of $112.18 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The stock has a 50 day moving average price of $128.95 and a 200 day moving average price of $137.47. 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 (NYSE:UPS) last released 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 firm had revenue of $21.82 billion during 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 quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.54 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

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.