United Parcel Service, Inc. $UPS Holdings Boosted by Teamwork Financial Advisors LLC

Key Points

• Teamwork Financial Advisors LLC increased its holdings in United Parcel Service by 34.5% in the second quarter, owning a total of 15,555 shares valued at $1,570,000.
• Insider transactions saw Director William R. Johnson purchase 5,000 shares at $86.50 each, raising his total ownership by 96.90%.
• The company declared a quarterly dividend of $1.64 per share, representing a 7.8% yield with a payout ratio of 97.62%.

Teamwork Financial Advisors LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 34.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,555 shares of the transportation company's stock after buying an additional 3,988 shares during the quarter. Teamwork Financial Advisors LLC's holdings in United Parcel Service were worth $1,570,000 at the end of the most recent reporting period.

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

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $0.28 during mid-day trading on Monday, reaching $84.07. The company had a trading volume of 6,372,705 shares, compared to its average volume of 6,603,825. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The firm has a market cap of $71.26 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.55 and a beta of 1.08. 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 company's 50-day moving average price is $91.22 and its 200-day moving average price is $98.71.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly 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). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the prior year, the firm earned $1.79 earnings per share. The business's revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend 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 97.62%.

Analysts Set New Price Targets

A number of research firms recently weighed in on UPS. Bank of America reaffirmed an "underperform" rating and set a $83.00 price target (down from $91.00) on shares of United Parcel Service in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Morgan Stanley cut their price objective on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 30th. Galvan Research dropped their price target on United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, June 30th. Finally, BNP Paribas raised United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $112.34.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction on Thursday, July 31st. The stock was bought at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christiana Smith Shi bought 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, for a total transaction of $44,085.00. Following the acquisition, the director owned 500 shares of the company's stock, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 in the last 90 days. Insiders own 0.13% of the company's stock.

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.