United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 81.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 51,989 shares of the transportation company’s stock after purchasing an additional 23,349 shares during the period. Verdence Capital Advisors LLC’s holdings in United Parcel Service were worth $7,115,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Northwest Financial Advisors acquired a new stake in United Parcel Service in the 4th quarter valued at about $28,000. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the second quarter valued at approximately $28,000. Security National Bank purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $31,000. Pineridge Advisors LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $31,000. Finally, Riverview Trust Co purchased a new stake in United Parcel Service in the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UPS shares. JPMorgan Chase & Co. dropped their price target on 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. TD Cowen assumed coverage on United Parcel Service in a research report on Thursday. They set a “hold” rating and a $144.00 price objective for the company. Oppenheimer reduced their target price on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. BMO Capital Markets lowered their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Finally, Bank of America cut their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $151.20.

United Parcel Service Trading Up 1.0 %

Shares of United Parcel Service stock traded up $1.27 during trading hours on Monday, reaching $129.24. The stock had a trading volume of 4,500,979 shares, compared to its average volume of 4,258,021. The firm has a market capitalization of $110.70 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 1.85 and a beta of 0.98. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $172.75. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a 50 day simple moving average of $133.22 and a two-hundred day simple moving average of $141.92.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the previous year, the business posted $2.54 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm 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 dividend of $1.63 per share. The ex-dividend date is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 5.04%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, 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 can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

United Parcel Service Company 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.