Abel Hall LLC Invests $640,000 in United Parcel Service, Inc. $UPS

Key Points

• Abel Hall LLC has invested $640,000 in United Parcel Service, acquiring 6,336 shares of the company during the second quarter.
• Institutional investors currently own 60.26% of UPS stock, indicating significant interest in the company from larger financial entities.
• UPS recently announced a quarterly dividend of $1.64 per share, representing an annualized yield of 7.6%, despite paying out a high percentage of earnings as dividends.

Abel Hall LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,336 shares of the transportation company's stock, valued at approximately $640,000.

Other hedge funds also recently made changes to their positions in the company. REAP Financial Group LLC raised its holdings in United Parcel Service by 35.7% during the 2nd quarter. REAP Financial Group LLC now owns 483 shares of the transportation company's stock worth $49,000 after purchasing an additional 127 shares during the last quarter. Godsey & Gibb Inc. raised its stake in United Parcel Service by 3.5% during the second quarter. Godsey & Gibb Inc. now owns 161,606 shares of the transportation company's stock worth $16,312,000 after buying an additional 5,470 shares during the last quarter. 626 Financial LLC bought a new position in United Parcel Service during the second quarter worth $228,000. KLP Kapitalforvaltning AS raised its stake in United Parcel Service by 5.3% during the second quarter. KLP Kapitalforvaltning AS now owns 263,293 shares of the transportation company's stock worth $26,577,000 after buying an additional 13,200 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new position in United Parcel Service during the second quarter worth $34,000. 60.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director William R. Johnson purchased 5,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director owned 10,160 shares of the company's stock, valued at $878,840. This represents a 96.90% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The stock was purchased at an average price of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director owned 500 shares in the company, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

UPS opened at $86.01 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The company's fifty day moving average price is $85.81 and its two-hundred day moving average price is $94.91. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The company has a market cap of $72.90 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.60 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company's revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.79 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's payout ratio is currently 97.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UPS. Wells Fargo & Company lowered their target price on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a report on Wednesday, July 30th. Vertical Research reiterated a "hold" rating and issued a $103.00 price objective on shares of United Parcel Service in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Citigroup lowered their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Finally, Wall Street Zen downgraded shares of United Parcel Service from a "hold" rating to a "sell" rating in a research note on Saturday, September 20th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of "Hold" and an average price target of $110.16.

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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.