Smith Moore & CO. Has $1.03 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Smith Moore & CO. grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,952 shares of the transportation company’s stock after buying an additional 404 shares during the quarter. Smith Moore & CO.’s holdings in United Parcel Service were worth $1,030,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UPS. Total Clarity Wealth Management Inc. bought a new stake in shares of United Parcel Service during the first quarter worth about $51,000. Fort Washington Investment Advisors Inc. OH grew its position in United Parcel Service by 0.8% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 77,705 shares of the transportation company’s stock worth $13,209,000 after purchasing an additional 651 shares in the last quarter. Avidian Wealth Solutions LLC grew its position in United Parcel Service by 13.7% in the 1st quarter. Avidian Wealth Solutions LLC now owns 2,170 shares of the transportation company’s stock worth $369,000 after purchasing an additional 262 shares in the last quarter. Congress Asset Management Co. MA grew its position in United Parcel Service by 11.4% in the 1st quarter. Congress Asset Management Co. MA now owns 51,164 shares of the transportation company’s stock worth $8,697,000 after purchasing an additional 5,220 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its position in United Parcel Service by 1.9% in the 1st quarter. Bridges Investment Management Inc. now owns 11,437 shares of the transportation company’s stock worth $1,944,000 after purchasing an additional 216 shares in the last quarter. 56.98% of the stock is owned by institutional investors.

UPS has been the subject of a number of research reports. KeyCorp increased their target price on shares of United Parcel Service from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, May 26th. upped their price target on shares of United Parcel Service from $220.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, June 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Parcel Service from $260.00 to $237.00 and set a “buy” rating on the stock in a research note on Thursday, June 10th. Morgan Stanley upped their price target on shares of United Parcel Service from $120.00 to $130.00 and gave the company an “underweight” rating in a research note on Thursday, June 10th. Finally, Stephens upped their price target on shares of United Parcel Service from $207.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, June 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $205.75.

UPS opened at $191.01 on Wednesday. The stock has a 50-day moving average price of $198.82 and a 200-day moving average price of $193.90. United Parcel Service, Inc. has a 12-month low of $154.76 and a 12-month high of $219.59. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $166.38 billion, a P/E ratio of 27.25, a PEG ratio of 1.49 and a beta of 1.06.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 27th. The transportation company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.25. United Parcel Service had a return on equity of 155.54% and a net margin of 6.66%. The company had revenue of $23.42 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same quarter in the previous year, the company posted $2.13 EPS. United Parcel Service’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post 11.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 9th. Shareholders of record on Monday, August 23rd were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Friday, August 20th. United Parcel Service’s payout ratio is 49.57%.

United Parcel Service declared that its board has approved a share repurchase plan on Thursday, August 5th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the transportation company to reacquire up to 3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

About United Parcel Service

United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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