Investmark Advisory Group LLC Has $1.98 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Investmark Advisory Group LLC grew its stake in United Parcel Service, Inc. (NYSE:UPSGet Rating) by 7.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,852 shares of the transportation company’s stock after buying an additional 737 shares during the period. United Parcel Service makes up approximately 2.0% of Investmark Advisory Group LLC’s holdings, making the stock its 18th biggest position. Investmark Advisory Group LLC’s holdings in United Parcel Service were worth $1,981,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in UPS. Gabelli Funds LLC increased its position in shares of United Parcel Service by 0.5% in the 4th quarter. Gabelli Funds LLC now owns 11,100 shares of the transportation company’s stock valued at $2,379,000 after buying an additional 50 shares in the last quarter. Mutual Advisors LLC increased its holdings in United Parcel Service by 10.8% during the 4th quarter. Mutual Advisors LLC now owns 9,076 shares of the transportation company’s stock worth $1,945,000 after purchasing an additional 883 shares in the last quarter. Pitcairn Co. increased its holdings in United Parcel Service by 13.8% during the 4th quarter. Pitcairn Co. now owns 11,123 shares of the transportation company’s stock worth $2,384,000 after purchasing an additional 1,350 shares in the last quarter. ETF Managers Group LLC increased its holdings in United Parcel Service by 5.0% during the 4th quarter. ETF Managers Group LLC now owns 4,047 shares of the transportation company’s stock worth $866,000 after purchasing an additional 192 shares in the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of United Parcel Service by 6.3% in the 4th quarter. IHT Wealth Management LLC now owns 4,318 shares of the transportation company’s stock valued at $925,000 after acquiring an additional 256 shares in the last quarter. Institutional investors and hedge funds own 59.60% of the company’s stock.

United Parcel Service Stock Down 3.3 %

NYSE:UPS traded down $5.51 on Friday, reaching $162.35. 162,294 shares of the stock traded hands, compared to its average volume of 2,977,695. The company has a market capitalization of $141.03 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.53 and a beta of 1.07. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. United Parcel Service, Inc. has a 12 month low of $165.34 and a 12 month high of $233.72. The company’s fifty day simple moving average is $193.65 and its 200 day simple moving average is $190.55.

United Parcel Service (NYSE:UPSGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The transportation company reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.15. The business had revenue of $24.80 billion during the quarter, compared to analyst estimates of $24.59 billion. United Parcel Service had a net margin of 10.92% and a return on equity of 76.43%. United Parcel Service’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $3.06 EPS. Equities analysts predict that United Parcel Service, Inc. will post 12.85 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were paid a $1.52 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.74%. United Parcel Service’s dividend payout ratio is presently 48.84%.

Analysts Set New Price Targets

UPS has been the subject of several analyst reports. Berenberg Bank set a $200.00 price objective on United Parcel Service in a report on Wednesday, July 27th. Wells Fargo & Company cut their target price on shares of United Parcel Service from $270.00 to $223.00 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $239.00 to $215.00 and set a “buy” rating for the company in a research report on Tuesday, June 7th. Stephens cut their price objective on shares of United Parcel Service to $210.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $227.00 target price (down previously from $255.00) on shares of United Parcel Service in a research note on Tuesday, July 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $215.11.

Insider Transactions at United Parcel Service

In other news, insider Kathleen M. Gutmann sold 21,307 shares of United Parcel Service stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total value of $4,357,494.57. Following the completion of the sale, the insider now directly owns 102,591 shares in the company, valued at $20,980,885.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Kathleen M. Gutmann sold 21,307 shares of United Parcel Service stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total value of $4,357,494.57. Following the completion of the sale, the insider now directly owns 102,591 shares in the company, valued at $20,980,885.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Kevin M. Warren sold 23,366 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total transaction of $4,516,881.46. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

United Parcel Service Profile

(Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. 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.

Further Reading

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

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