United Parcel Service, Inc. $UPS Shares Acquired by Founders Capital Management LLC

Key Points

• Founders Capital Management LLC increased its stake in United Parcel Service, Inc. by 8.3%, acquiring an additional 8,579 shares, bringing its total holdings to 111,405 shares valued at approximately $11.25 million.
• CEO Carol B. Tome purchased 11,682 shares of UPS stock for about $1 million, marking a significant increase in her ownership.
• UPS's recent earnings report indicated a quarterly EPS of $1.55, slightly missing analysts' expectations, with revenues also down 2.7% year-over-year.

Founders Capital Management LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,405 shares of the transportation company's stock after purchasing an additional 8,579 shares during the period. United Parcel Service makes up 1.9% of Founders Capital Management LLC's holdings, making the stock its 14th biggest holding. Founders Capital Management LLC's holdings in United Parcel Service were worth $11,245,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of United Parcel Service by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company's stock valued at $7,274,323,000 after purchasing an additional 999,832 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of United Parcel Service by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock valued at $2,754,751,000 after purchasing an additional 1,780,807 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock valued at $991,132,000 after purchasing an additional 4,988,044 shares during the last quarter. Northern Trust Corp lifted its stake in shares of United Parcel Service by 0.3% in the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company's stock valued at $815,633,000 after purchasing an additional 23,918 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of United Parcel Service by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company's stock valued at $519,059,000 after buying an additional 171,303 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $0.37 during trading hours on Monday, reaching $84.43. The stock had a trading volume of 10,216,923 shares, compared to its average volume of 7,969,482. The firm has a market cap of $71.56 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.55 and a beta of 1.08. 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, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The firm has a 50-day moving average of $89.16 and a 200-day moving average of $97.24.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.79 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current 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 given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Galvan Research cut their price objective on United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, June 30th. BMO Capital Markets reiterated a "market perform" rating and issued a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a report on Friday. Vertical Research reiterated a "hold" rating and issued a $103.00 price objective on shares of United Parcel Service in a report on Wednesday, July 30th. Bank of America reiterated an "underperform" rating and issued a $83.00 price objective (down previously from $91.00) on shares of United Parcel Service in a report on Thursday, September 11th. Finally, BNP Paribas upgraded United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of "Hold" and an average target price of $111.44.

Insiders Place Their Bets

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

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.