Beacon Harbor Wealth Advisors Inc. Buys 41,314 Shares of United Parcel Service, Inc. (NYSE:UPS)

Key Points

• Beacon Harbor Wealth Advisors Inc. increased its stake in United Parcel Service (UPS) by 202.1%, now holding shares worth approximately $6.79 million.
• UPS reported quarterly earnings of $1.55 per share, slightly missing analyst estimates, with revenues of $21.20 billion down 2.7% year-over-year.
• The company declared a quarterly dividend of $1.64 per share, representing a dividend yield of 7.6%, despite a high payout ratio of 97.62%.

Beacon Harbor Wealth Advisors Inc. lifted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 202.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,755 shares of the transportation company's stock after acquiring an additional 41,314 shares during the period. United Parcel Service comprises approximately 1.6% of Beacon Harbor Wealth Advisors Inc.'s holdings, making the stock its 27th largest position. Beacon Harbor Wealth Advisors Inc.'s holdings in United Parcel Service were worth $6,792,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ironwood Investment Counsel LLC grew its holdings in shares of United Parcel Service by 14.3% during the 1st quarter. Ironwood Investment Counsel LLC now owns 46,789 shares of the transportation company's stock valued at $5,146,000 after acquiring an additional 5,836 shares in the last quarter. Keynote Financial Services LLC boosted its position in United Parcel Service by 71.3% during the first quarter. Keynote Financial Services LLC now owns 6,337 shares of the transportation company's stock valued at $697,000 after purchasing an additional 2,637 shares during the last quarter. Ontario Teachers Pension Plan Board grew its stake in United Parcel Service by 71.9% in the first quarter. Ontario Teachers Pension Plan Board now owns 15,177 shares of the transportation company's stock valued at $1,669,000 after purchasing an additional 6,347 shares in the last quarter. Deutsche Bank AG increased its position in United Parcel Service by 17.4% in the 1st quarter. Deutsche Bank AG now owns 2,894,755 shares of the transportation company's stock worth $318,394,000 after purchasing an additional 430,013 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in United Parcel Service by 3.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 4,616 shares of the transportation company's stock worth $508,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of $86.50 per share, with a total value of $432,500.00. Following the acquisition, the director owned 10,160 shares in the company, valued at approximately $878,840. The trade was a 96.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the company's stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

Shares of UPS stock traded up $0.16 during trading hours on Friday, reaching $86.65. 6,275,090 shares of the company were exchanged, compared to its average volume of 8,095,052. United Parcel Service, Inc. has a fifty-two week low of $84.28 and a fifty-two week high of $145.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.09. The stock's fifty day moving average is $98.23 and its two-hundred day moving average is $104.63. The company has a market cap of $73.38 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 1.57 and a beta of 1.12.

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

United Parcel Service Announces Dividend

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

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of research reports. BMO Capital Markets dropped their price objective on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Loop Capital lowered their target price on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company cut their target price on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 30th. Finally, Wolfe Research reduced their target price on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of "Hold" and an average target price of $112.81.

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.