United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Alpha Financial Partners LLC

Alpha Financial Partners LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,039 shares of the transportation company’s stock after acquiring an additional 158 shares during the period. Alpha Financial Partners LLC’s holdings in United Parcel Service were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of United Parcel Service by 87.6% in the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares in the last quarter. First Trust Advisors LP increased its stake in United Parcel Service by 208.1% during the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after buying an additional 1,160,005 shares during the period. Spirepoint Private Client LLC bought a new stake in shares of United Parcel Service during the 1st quarter worth about $160,787,000. Franklin Resources Inc. lifted its stake in shares of United Parcel Service by 11.4% in the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after acquiring an additional 980,317 shares during the period. Finally, Confluence Investment Management LLC bought a new position in shares of United Parcel Service in the first quarter valued at approximately $100,176,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 1.3 %

UPS stock opened at $128.88 on Tuesday. The company has a 50 day moving average of $130.75 and a two-hundred day moving average of $139.74. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a market cap of $110.26 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.89 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its earnings results 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 firm had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.54 EPS. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BMO Capital Markets dropped their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Bank of America dropped their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Stephens dropped their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.68.

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.