Employers Holdings Inc. acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,799 shares of the transportation company’s stock, valued at approximately $1,218,000.
A number of other institutional investors have also added to or reduced their stakes in the business. RPG Investment Advisory LLC grew its stake in United Parcel Service by 277.1% during the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after purchasing an additional 194 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in United Parcel Service by 65.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock worth $31,000 after purchasing an additional 117 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new position in United Parcel Service during the 1st quarter worth $32,000. First National Corp MA ADV acquired a new position in United Parcel Service during the 1st quarter worth $38,000. Finally, Kavar Capital Partners LLC acquired a new position in United Parcel Service during the 2nd quarter worth $38,000. Institutional investors own 55.50% of the company’s stock.
NYSE UPS traded up $0.45 during trading on Friday, reaching $114.35. 23,488 shares of the company’s stock were exchanged, compared to its average volume of 4,363,486. United Parcel Service, Inc. has a 1 year low of $89.89 and a 1 year high of $125.09. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $99.46 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 1.77 and a beta of 1.23. The company has a 50 day moving average price of $109.69 and a two-hundred day moving average price of $107.09.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, August 16th. United Parcel Service’s payout ratio is currently 53.04%.
A number of analysts have issued reports on UPS shares. Stifel Nicolaus downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price target for the company. in a report on Monday, July 29th. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $130.00 price target for the company in a report on Thursday, July 25th. Argus reaffirmed a “buy” rating on shares of United Parcel Service in a report on Tuesday, April 30th. Raymond James lifted their price target on United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $118.82.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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