Coordinated Financial Services Inc. Invests $321,000 in United Parcel Service, Inc. $UPS

Key Points

• Coordinated Financial Services Inc. has acquired 3,185 shares of United Parcel Service, Inc. (UPS), valued at approximately $321,000, during the second quarter of the year.
• UPS recently disclosed a quarterly dividend of $1.64 per share, representing a 7.7% yield, with a high dividend payout ratio of 97.62%.
• In the latest earnings report, UPS missed earnings estimates with $1.55 EPS, and quarterly revenue of $21.20 billion, showing a 2.7% year-over-year decline.

Coordinated Financial Services Inc. acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,185 shares of the transportation company's stock, valued at approximately $321,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. IFP Advisors Inc increased its holdings in shares of United Parcel Service by 252.5% during the 2nd quarter. IFP Advisors Inc now owns 29,979 shares of the transportation company's stock worth $3,026,000 after purchasing an additional 21,475 shares during the period. Callan Family Office LLC increased its holdings in shares of United Parcel Service by 114.1% during the 2nd quarter. Callan Family Office LLC now owns 13,781 shares of the transportation company's stock worth $1,391,000 after purchasing an additional 7,345 shares during the period. Court Place Advisors LLC increased its holdings in shares of United Parcel Service by 21.8% during the 2nd quarter. Court Place Advisors LLC now owns 7,406 shares of the transportation company's stock worth $748,000 after purchasing an additional 1,326 shares during the period. Leo Wealth LLC boosted its position in shares of United Parcel Service by 83.7% during the 2nd quarter. Leo Wealth LLC now owns 4,123 shares of the transportation company's stock valued at $416,000 after acquiring an additional 1,878 shares in the last quarter. Finally, MSH Capital Advisors LLC boosted its position in shares of United Parcel Service by 1.4% during the 2nd quarter. MSH Capital Advisors LLC now owns 8,088 shares of the transportation company's stock valued at $816,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi acquired 500 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares of the company's stock, valued at approximately $44,085. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carol B. Tome acquired 11,682 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares of the company's stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 17,182 shares of company stock worth $1,477,382 over the last ninety days. Company insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

Shares of UPS stock opened at $85.28 on Friday. The firm's 50 day moving average is $85.77 and its 200-day moving average is $94.64. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The firm has a market capitalization of $72.28 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.59 and a beta of 1.10. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter in the prior year, the company earned $1.79 earnings per share. The company's quarterly revenue was down 2.7% on a year-over-year basis. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.7%. The ex-dividend date was Monday, August 18th. United Parcel Service's dividend payout ratio is currently 97.62%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of United Parcel Service in a research report on Wednesday. Citigroup decreased their target price on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Wells Fargo & Company decreased 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. Wolfe Research decreased their target price on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 1st. Finally, Bank of America decreased their target price on shares of United Parcel Service from $83.00 to $81.00 and set an "underperform" rating on the stock in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $109.38.

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.

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