Cladis Investment Advisory LLC Has $1.73 Million Stock Position in United Parcel Service, Inc. $UPS

Key Points

• Cladis Investment Advisory LLC has increased its stake in United Parcel Service, Inc. (UPS) by 30.8%, owning 15,716 shares valued at approximately $1.73 million, making it the 21st largest holding in their portfolio.
• A significant number of hedge funds, including Goldman Sachs and Pacer Advisors, have also raised their positions in UPS, indicating a growing institutional interest in the company.
• UPS recently reported a quarterly EPS of $1.55, missing analyst estimates of $1.56, while also announcing a quarterly dividend of $1.64 per share with a yield of 7.4%.

Cladis Investment Advisory LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 30.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,716 shares of the transportation company's stock after acquiring an additional 3,701 shares during the period. United Parcel Service makes up about 1.2% of Cladis Investment Advisory LLC's portfolio, making the stock its 21st largest holding. Cladis Investment Advisory LLC's holdings in United Parcel Service were worth $1,729,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in UPS. Gallacher Capital Management LLC acquired a new position in shares of United Parcel Service during the 1st quarter worth $620,000. Garde Capital Inc. acquired a new stake in United Parcel Service in the first quarter valued at about $37,000. Golden State Wealth Management LLC grew its position in United Parcel Service by 61.3% in the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock valued at $173,000 after acquiring an additional 599 shares during the last quarter. CWA Asset Management Group LLC raised its stake in United Parcel Service by 5.9% during the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock worth $381,000 after acquiring an additional 193 shares in the last quarter. Finally, Advisor Resource Council acquired a new stake in shares of United Parcel Service in the 1st quarter valued at approximately $437,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, the director directly owned 10,160 shares of the company's stock, valued at approximately $878,840. The trade was a 96.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares of the company's stock, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Stifel Canada dropped their price objective on shares of United Parcel Service from $145.00 to $124.00 in a research note on Wednesday, April 30th. Susquehanna dropped their price target on United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. UBS Group dropped their target price on United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. HSBC lowered shares of United Parcel Service from a "buy" rating to a "hold" rating and dropped their price objective for the company from $140.00 to $105.00 in a report on Thursday, May 1st. Finally, Wells Fargo & Company cut their target price on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $112.81.

United Parcel Service Trading Up 1.4%

Shares of UPS traded up $1.2070 during trading hours on Tuesday, hitting $87.7170. 7,213,793 shares of the stock were exchanged, compared to its average volume of 9,957,637. United Parcel Service, Inc. has a fifty-two week low of $84.28 and a fifty-two week high of $145.01. The business has a 50-day moving average of $96.69 and a 200-day moving average of $102.44. The firm has a market capitalization of $74.35 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.59 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly 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). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period last year, the company posted $1.79 EPS. The business's revenue was down 2.7% compared to the same quarter last year. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Monday, August 18th. United Parcel Service's payout ratio is presently 97.62%.

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.