Stonebridge Capital Advisors LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,056 shares of the transportation company’s stock, valued at approximately $109,000.
A number of other institutional investors have also recently made changes to their positions in UPS. Capital Advisors Ltd. LLC raised its stake in United Parcel Service by 65.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 117 shares during the period. First National Corp MA ADV bought a new stake in United Parcel Service in the 1st quarter valued at about $38,000. Kavar Capital Partners LLC bought a new stake in United Parcel Service in the 2nd quarter valued at about $38,000. NumerixS Investment Technologies Inc bought a new stake in United Parcel Service in the 2nd quarter valued at about $38,000. Finally, Earnest Partners LLC bought a new stake in United Parcel Service in the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 55.27% of the company’s stock.
Shares of UPS traded up $1.06 during midday trading on Wednesday, hitting $119.05. 2,370,336 shares of the company traded hands, compared to its average volume of 2,728,220. The stock has a 50-day moving average of $117.72 and a 200-day moving average of $108.83. United Parcel Service, Inc. has a one year low of $89.89 and a one year high of $123.63. The firm has a market cap of $103.65 billion, a P/E ratio of 16.44, a PEG ratio of 1.84 and a beta of 1.23. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Monday, August 19th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Friday, August 16th. United Parcel Service’s dividend payout ratio (DPR) is 53.04%.
UPS has been the topic of a number of research reports. Bank of America boosted their price objective on United Parcel Service from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, September 9th. UBS Group boosted their price objective on United Parcel Service to $128.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $114.00 price objective on shares of United Parcel Service in a research note on Thursday, July 25th. Finally, Raymond James upped their price target on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $119.72.
United Parcel Service Company Profile
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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