San Luis Wealth Advisors LLC Has $3.19 Million Position in United Parcel Service, Inc. $UPS

Key Points

• San Luis Wealth Advisors LLC increased its position in United Parcel Service, Inc. by 487.1% in the second quarter, bringing its total holdings to nearly $3.19 million.
• Multiple institutional investors, including Vanguard Group and Goldman Sachs, have also raised their stakes in UPS, indicating strong institutional interest in the stock.
• UPS recently announced a quarterly dividend of $1.64, representing a yield of 7.8%, although its dividend payout ratio stands at 97.62%.

San Luis Wealth Advisors LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 487.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,960 shares of the transportation company's stock after purchasing an additional 26,516 shares during the period. San Luis Wealth Advisors LLC's holdings in United Parcel Service were worth $3,187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. Vanguard Group Inc. raised its stake in United Parcel Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company's stock worth $7,274,323,000 after buying an additional 999,832 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock valued at $2,754,751,000 after purchasing an additional 1,780,807 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock worth $991,132,000 after purchasing an additional 4,988,044 shares in the last quarter. Northern Trust Corp boosted its holdings in United Parcel Service by 0.3% in the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company's stock valued at $815,633,000 after purchasing an additional 23,918 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in United Parcel Service by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company's stock valued at $519,059,000 after acquiring an additional 171,303 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

UPS has been the topic of a number of research analyst reports. Susquehanna cut their price target on United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th. Bank of America lowered their price objective on United Parcel Service from $83.00 to $81.00 and set an "underperform" rating for the company in a research report on Friday. Wells Fargo & Company lowered their price objective on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 30th. Barclays reduced their price target on shares of United Parcel Service from $90.00 to $80.00 and set an "underweight" rating for the company in a research report on Thursday, July 31st. Finally, Stifel Nicolaus decreased their target price on United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $111.38.

Insider Activity

In other news, Director Christiana Smith Shi bought 500 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director owned 500 shares of the company's stock, valued at approximately $44,085. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 17,182 shares of company stock worth $1,477,382 over the last three months. 0.13% of the stock is currently owned by insiders.

United Parcel Service Stock Up 1.4%

United Parcel Service stock opened at $83.74 on Friday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The business has a 50 day simple moving average of $87.90 and a 200-day simple moving average of $96.45. The stock has a market capitalization of $70.98 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick 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 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.79 earnings per share. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 dividend on an annualized basis and a yield of 7.8%. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

About United Parcel Service

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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