Archford Capital Strategies LLC Grows Stake in United Parcel Service, Inc. (NYSE:UPS)

Archford Capital Strategies LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 6,102 shares of the transportation company’s stock after buying an additional 101 shares during the quarter. Archford Capital Strategies LLC’s holdings in United Parcel Service were worth $835,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Blackston Financial Advisory Group LLC lifted its stake in United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after buying an additional 69 shares in the last quarter. Corundum Group Inc. raised its holdings in shares of United Parcel Service by 26.5% in the second quarter. Corundum Group Inc. now owns 9,249 shares of the transportation company’s stock worth $1,266,000 after acquiring an additional 1,940 shares during the last quarter. Mayar Capital Ltd. lifted its position in shares of United Parcel Service by 6.6% in the second quarter. Mayar Capital Ltd. now owns 105,488 shares of the transportation company’s stock valued at $14,436,000 after acquiring an additional 6,527 shares in the last quarter. Country Club Bank increased its position in United Parcel Service by 3.7% during the 2nd quarter. Country Club Bank now owns 56,316 shares of the transportation company’s stock worth $7,649,000 after purchasing an additional 1,985 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in United Parcel Service by 1.8% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 8,690 shares of the transportation company’s stock valued at $1,189,000 after purchasing an additional 152 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of a number of analyst reports. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Susquehanna dropped their price objective on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Evercore ISI decreased their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, Barclays lowered their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.00.

United Parcel Service Stock Performance

Shares of UPS traded up $0.15 during midday trading on Friday, hitting $128.70. 896,654 shares of the stock traded hands, compared to its average volume of 4,238,391. 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, Inc. has a 1-year low of $123.12 and a 1-year high of $172.75. The business’s 50 day moving average price is $134.21 and its two-hundred day moving average price is $142.67. The firm has a market capitalization of $110.11 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.54 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.59 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be given a $1.63 dividend. The ex-dividend date is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.07%. United Parcel Service’s dividend payout ratio (DPR) is 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.