United Parcel Service, Inc. $UPS Stake Increased by HF Advisory Group LLC

Key Points

• HF Advisory Group LLC increased its holdings in United Parcel Service by 57.9%, now owning 20,904 shares worth approximately $2.11 million.
• Goldman Sachs Group Inc. and Pacer Advisors Inc. significantly boosted their shares, with Goldman Sachs increasing by 124% and Pacer Advisors by 1,056.6% during the first quarter.
• The company announced a quarterly dividend of $1.64 per share, yielding 7.7%, with a high dividend payout ratio of 97.62%.

HF Advisory Group LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 57.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,904 shares of the transportation company's stock after purchasing an additional 7,668 shares during the quarter. HF Advisory Group LLC's holdings in United Parcel Service were worth $2,110,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $28,000. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service in the first quarter valued at approximately $26,000. Citizens National Bank Trust Department boosted 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 valued at $27,000 after buying an additional 210 shares in the last quarter. Finally, Hemington Wealth Management raised its holdings in 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 during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christiana Smith Shi acquired 500 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on UPS shares. Oppenheimer cut their price target on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. Bank of America reiterated an "underperform" rating and issued a $83.00 price target (down previously from $91.00) on shares of United Parcel Service in a research note on Thursday, September 11th. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Galvan Research cut their price objective on United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. Finally, BMO Capital Markets restated 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 note on Friday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $111.44.

United Parcel Service Stock Performance

UPS stock traded down $0.91 on Friday, reaching $84.14. The company's stock had a trading volume of 18,090,067 shares, compared to its average volume of 7,575,006. The firm has a fifty day moving average of $89.48 and a two-hundred day moving average of $97.81. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $71.31 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 1.57 and a beta of 1.08. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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). The firm had revenue of $21.20 billion for 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 business's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.79 earnings per share. As a group, analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

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.