Mutual Advisors LLC Boosts Holdings in United Parcel Service, Inc. $UPS

Key Points

• Mutual Advisors LLC increased its holdings in United Parcel Service, Inc. by 19.2% during the second quarter, owning approximately 70,354 shares valued at $7.3 million.
• Wall Street analysts have mixed sentiments on UPS, with a consensus rating of "Hold" and an average target price of $109.31, reflecting a decrease from previous targets.
• The company recently declared a quarterly dividend of $1.64, equating to an annualized dividend of $6.56 with a yield of 7.8%.

Mutual Advisors LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 19.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,354 shares of the transportation company's stock after purchasing an additional 11,315 shares during the period. Mutual Advisors LLC's holdings in United Parcel Service were worth $7,286,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of UPS. Cornerstone Wealth Group LLC lifted its stake in shares of United Parcel Service by 3.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company's stock valued at $258,000 after purchasing an additional 97 shares during the period. Bangor Savings Bank grew its stake in United Parcel Service by 1.9% in the second quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company's stock worth $546,000 after purchasing an additional 101 shares during the period. First Dallas Securities Inc. raised its holdings in United Parcel Service by 0.9% in the first quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company's stock worth $1,256,000 after purchasing an additional 102 shares in the last quarter. TCV Trust & Wealth Management Inc. lifted its position in United Parcel Service by 1.4% during the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock valued at $830,000 after buying an additional 103 shares during the period. Finally, Fortis Capital Advisors LLC boosted its holdings in shares of United Parcel Service by 3.4% during the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company's stock valued at $350,000 after buying an additional 104 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UPS shares. Susquehanna decreased their price target on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. Galvan Research decreased their target price on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, June 30th. Citigroup dropped their price target on United Parcel Service from $114.00 to $112.00 and set a "buy" rating on the stock in a research report on Monday. BMO Capital Markets reaffirmed a "market perform" rating and set a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Finally, Stifel Nicolaus dropped their target price on United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $109.31.

United Parcel Service Stock Up 0.9%

United Parcel Service stock opened at $83.97 on Wednesday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The stock has a fifty day simple moving average of $85.65 and a two-hundred day simple moving average of $93.97. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm has a market cap of $71.17 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.53 and a beta of 1.10.

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 analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the previous year, the company earned $1.79 earnings per share. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. United Parcel Service's payout ratio is currently 97.62%.

Insider Activity

In related news, Director William R. Johnson acquired 5,000 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was purchased at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares of the company's stock, valued at approximately $878,840. This trade represents 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 bought 500 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director directly owned 500 shares of the company's stock, valued at $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders purchased 17,182 shares of company stock valued at $1,477,382 over the last three months. Insiders own 0.13% of the company's stock.

United Parcel Service 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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