Gateway Investment Advisers LLC Has $15.11 Million Stock Position in United Parcel Service, Inc. $UPS

Gateway Investment Advisers LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 29.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 149,687 shares of the transportation company's stock after selling 62,755 shares during the period. Gateway Investment Advisers LLC's holdings in United Parcel Service were worth $15,109,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service during the 4th quarter valued at $28,000. Graybill Wealth Management LTD. acquired a new position in United Parcel Service in the 1st quarter valued at approximately $26,000. Citizens National Bank Trust Department raised its stake in shares of United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after buying an additional 210 shares in the last quarter. Finally, Hemington Wealth Management raised its holdings in shares of United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on UPS. Bank of America reaffirmed an "underperform" rating and set a $83.00 price target (down from $91.00) on shares of United Parcel Service in a report on Thursday, September 11th. Wall Street Zen raised shares of United Parcel Service from a "sell" rating to a "hold" rating in a report on Sunday, September 7th. UBS Group lowered their target price on United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Vertical Research restated a "hold" rating and set a $103.00 price objective on shares of United Parcel Service in a research note on Wednesday, July 30th. Finally, Oppenheimer cut their target price on shares of United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and an average price target of $112.34.

Insiders Place Their Bets

In other news, Director Christiana Smith Shi purchased 500 shares of the business's stock in a transaction on Friday, August 22nd. The shares were acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William R. Johnson bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The stock was purchased 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 in the company, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 17,182 shares of company stock worth $1,477,382. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Stock Up 1.4%

Shares of NYSE:UPS opened at $85.19 on Wednesday. The company has a fifty day moving average of $90.54 and a 200-day moving average of $98.37. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $72.20 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). The business 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 company's revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.79 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

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