My Legacy Advisors LLC Makes New $356,000 Investment in United Parcel Service, Inc. $UPS

Key Points

• My Legacy Advisors LLC made a new investment of approximately $356,000 in United Parcel Service, Inc. (UPS), acquiring 3,460 shares during the second quarter.
• Analysts have mixed views on UPS, with Oppenheimer lowering their price target from $114 to $100, while BNP Paribas Exane upgraded the stock to "neutral" with a target price of $100.
• United Parcel Service recently paid a quarterly dividend of $1.64 per share, translating to an annualized amount of $6.56 and a yield of 7.8%.

My Legacy Advisors LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,460 shares of the transportation company's stock, valued at approximately $356,000.

A number of other institutional investors have also bought and sold shares of the business. Brighton Jones LLC raised its position in shares of United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after buying an additional 4,723 shares during the period. Woodline Partners LP purchased a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $2,769,000. Vise Technologies Inc. raised its position in shares of United Parcel Service by 4.3% during the 4th quarter. Vise Technologies Inc. now owns 13,739 shares of the transportation company's stock valued at $1,732,000 after buying an additional 565 shares during the period. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $28,000. Finally, Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $265,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on UPS. Oppenheimer reduced their price target 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. Morgan Stanley reduced their price target 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. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price for the company in a report on Thursday, July 3rd. Galvan Research dropped 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 report on Monday, June 30th. Finally, Bank of America reiterated an "underperform" rating and issued a $83.00 target price (down previously from $91.00) on shares of United Parcel Service in a report on Thursday, September 11th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $111.44.

United Parcel Service Price Performance

United Parcel Service stock opened at $84.14 on Friday. The stock has a market cap of $71.31 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. The company has a fifty day simple moving average of $89.48 and a 200-day simple moving average of $97.66. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. 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 (NYSE:UPS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.United Parcel Service's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.79 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

Insider Transactions at United Parcel Service

In related news, Director Christiana Smith Shi purchased 500 shares of United Parcel Service stock in a transaction that occurred on Friday, August 22nd. The stock was purchased 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 approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William R. Johnson acquired 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. The trade was a 96.90% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 17,182 shares of company stock valued at $1,477,382. 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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