United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Brookstone Capital Management

Brookstone Capital Management increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 92,728 shares of the transportation company’s stock after purchasing an additional 2,117 shares during the quarter. Brookstone Capital Management’s holdings in United Parcel Service were worth $13,666,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. Tennessee Valley Asset Management Partners purchased a new position in United Parcel Service in the 4th quarter valued at about $26,000. Northwest Financial Advisors bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $28,000. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service during the second quarter worth $28,000. Security National Bank bought a new position in United Parcel Service in the fourth quarter worth about $31,000. Finally, Pineridge Advisors LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.9 %

United Parcel Service stock traded up $1.10 during midday trading on Friday, reaching $129.65. The stock had a trading volume of 3,255,863 shares, compared to its average volume of 4,253,306. The firm’s fifty day simple moving average is $134.05 and its two-hundred day simple moving average is $142.47. The firm has a market cap of $110.92 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.78 and a beta of 0.98. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $172.75. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.54 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 19th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 5.03%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on UPS shares. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. Stifel Nicolaus reduced their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Evercore ISI lowered 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 note on Monday, June 24th. Stephens reduced their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company lowered their price objective on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

About United Parcel Service

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.