Investors Asset Management of Georgia Inc. GA ADV Has $1.16 Million Position in United Parcel Service, Inc. $UPS

Key Points

• Investors Asset Management of Georgia Inc. increased its shares in United Parcel Service (UPS) by 42%, holding a total of 11,466 shares valued at approximately $1.16 million as of the last reporting period.
• Several institutional investors, including Capital CS Group LLC and CX Institutional, have also increased their stakes in UPS, indicating strong interest among hedge funds.
• United Parcel Service's recent quarterly earnings report revealed an EPS of $1.55, which slightly missed analysts' expectations, along with a quarterly revenue drop of 2.7% year-over-year.

Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 42.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 11,466 shares of the transportation company's stock after purchasing an additional 3,394 shares during the period. Investors Asset Management of Georgia Inc. GA ADV's holdings in United Parcel Service were worth $1,157,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Founders Capital Management LLC boosted its holdings in United Parcel Service by 8.3% in the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company's stock valued at $11,245,000 after purchasing an additional 8,579 shares during the period. Gallacher Capital Management LLC acquired a new position in shares of United Parcel Service during the first quarter valued at about $620,000. Garde Capital Inc. bought a new stake in shares of United Parcel Service in the first quarter valued at about $37,000. Capital CS Group LLC grew its position in United Parcel Service by 3.6% during the second quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company's stock worth $23,730,000 after buying an additional 8,070 shares in the last quarter. Finally, CX Institutional increased its stake in United Parcel Service by 39.9% during the second quarter. CX Institutional now owns 60,165 shares of the transportation company's stock valued at $6,073,000 after acquiring an additional 17,152 shares during the period. Institutional investors own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on UPS. Galvan Research cut their price target on United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a report on Monday, June 30th. Wall Street Zen lowered United Parcel Service from a "hold" rating to a "sell" rating in a research note on Saturday, September 20th. Evercore ISI decreased their price target on shares of United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of United Parcel Service from $100.00 to $88.00 and set a "hold" rating for the company in a research note on Thursday. Finally, Morgan Stanley decreased their target price on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, United Parcel Service presently has a consensus rating of "Hold" and an average target price of $110.16.

Insiders Place Their Bets

In related news, CEO Carol B. Tome acquired 11,682 shares of the company'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 owned 24,718 shares of the company's stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William R. Johnson purchased 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 transaction, the director directly owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 17,182 shares of company stock valued at $1,477,382. Company insiders own 0.13% of the company's stock.

United Parcel Service Stock Up 1.4%

Shares of NYSE:UPS opened at $86.79 on Monday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The company's 50-day moving average price is $86.20 and its two-hundred day moving average price is $95.17. The firm has a market cap of $73.56 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.60 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.79 earnings per share. As a group, research 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. Shareholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.6%. United Parcel Service's dividend payout ratio (DPR) 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.

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