Mather Group LLC. Purchases 4,307 Shares of United Parcel Service, Inc. $UPS

Mather Group LLC. increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 17.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,551 shares of the transportation company's stock after acquiring an additional 4,307 shares during the period. Mather Group LLC.'s holdings in United Parcel Service were worth $2,983,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Graybill Wealth Management LTD. acquired a new position in United Parcel Service during the 1st quarter worth about $26,000. Citizens National Bank Trust Department raised its stake in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after acquiring an additional 210 shares during the last quarter. Hemington Wealth Management lifted its position in shares of United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank bought a new stake in shares of United Parcel Service during the first quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of United Parcel Service in the first quarter valued at approximately $33,000. Institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on UPS. Wolfe Research decreased their price objective on 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. Galvan Research lowered their price objective on United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, June 30th. Oppenheimer cut their target price on shares of United Parcel Service from $114.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Wells Fargo & Company lowered their price target on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 30th. Finally, Vertical Research reissued a "hold" rating and set a $103.00 price target on shares of United Parcel Service in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $111.44.

Insider Buying and Selling

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

United Parcel Service Trading Down 0.5%

UPS opened at $83.98 on Thursday. The firm's fifty day moving average is $88.55 and its two-hundred day moving average is $97.06. The firm has a market cap of $71.18 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month 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.

United Parcel Service (NYSE:UPS - Get Free Report) last released 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%. United Parcel Service's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.79 EPS. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. United Parcel Service's 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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