United Parcel Service, Inc. $UPS Shares Bought by Ables Iannone Moore & Associates Inc.

Key Points

• Ables Iannone Moore & Associates Inc. increased its holdings in United Parcel Service, Inc. by 44.1% during Q2, now owning 20,603 shares valued at $2,080,000.
• CEO Carol B. Tome purchased 11,682 shares at an average cost of $85.67, boosting her position to 24,718 shares, a 89.61% increase.
• United Parcel Service declared a quarterly dividend of $1.64, with a 7.8% dividend yield, reflecting a payout ratio of 97.62%.

Ables Iannone Moore & Associates Inc. grew its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 44.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,603 shares of the transportation company's stock after acquiring an additional 6,301 shares during the period. United Parcel Service comprises approximately 1.3% of Ables Iannone Moore & Associates Inc.'s holdings, making the stock its 18th biggest holding. Ables Iannone Moore & Associates Inc.'s holdings in United Parcel Service were worth $2,080,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service in the 1st quarter valued at $26,000. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service in the 4th quarter valued at $27,000. Citizens National Bank Trust Department raised its stake in shares of United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after acquiring an additional 210 shares during the period. Fourth Dimension Wealth LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at $28,000. Finally, Hemington Wealth Management raised its stake in shares of United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after acquiring an additional 115 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

Insider Activity

In other United Parcel Service news, CEO Carol B. Tome purchased 11,682 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the acquisition, the chief executive officer owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christiana Smith Shi purchased 500 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares in the company, valued at approximately $44,085. This trade 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. Company insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

UPS opened at $84.40 on Friday. The company has a 50-day moving average of $91.22 and a 200-day moving average of $98.84. The company has a market capitalization of $71.53 billion, a P/E ratio of 12.56, a PEG ratio of 1.56 and a beta of 1.08. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year 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 earnings results 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 company had revenue of $21.20 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $1.79 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date of this dividend 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 97.62%.

Analysts Set New Price Targets

UPS has been the topic of a number of research reports. Wall Street Zen raised shares of United Parcel Service from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. BNP Paribas raised shares of United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. UBS Group dropped their price target on shares of United Parcel Service from $124.00 to $118.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Bank of America reaffirmed an "underperform" rating and set a $83.00 price target (down previously from $91.00) on shares of United Parcel Service in a research note on Thursday. Finally, Stifel Nicolaus dropped their price target on shares of United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $112.34.

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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