United Parcel Service, Inc. $UPS Stock Position Lifted by Addenda Capital Inc.

Key Points

• Addenda Capital Inc. increased its stake in United Parcel Service, Inc. (UPS) by 24.5% in the second quarter, totaling 68,778 shares valued at approximately $6.94 million.
• Insider trading activity includes CEO Carol B. Tome purchasing 11,682 shares, representing an 89.61% increase in her holdings, while Director William R. Johnson boosted his stake by 96.90% with a purchase of 5,000 shares.
• UPS reported $1.55 earnings per share for the last quarter, missing the consensus estimate, with revenue of $21.20 billion, down 2.7% year-over-year.

Addenda Capital Inc. boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 24.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,778 shares of the transportation company's stock after buying an additional 13,539 shares during the quarter. Addenda Capital Inc.'s holdings in United Parcel Service were worth $6,942,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UPS. San Luis Wealth Advisors LLC increased its holdings in shares of United Parcel Service by 487.1% during the 2nd quarter. San Luis Wealth Advisors LLC now owns 31,960 shares of the transportation company's stock valued at $3,187,000 after acquiring an additional 26,516 shares during the last quarter. Sonora Investment Management Group LLC lifted its stake in shares of United Parcel Service by 4.3% in the second quarter. Sonora Investment Management Group LLC now owns 6,002 shares of the transportation company's stock worth $606,000 after buying an additional 250 shares during the last quarter. Stockman Wealth Management Inc. boosted its holdings in shares of United Parcel Service by 14.1% during the 2nd quarter. Stockman Wealth Management Inc. now owns 112,956 shares of the transportation company's stock worth $11,402,000 after buying an additional 13,951 shares during the period. Uncommon Cents Investing LLC acquired a new position in United Parcel Service in the 2nd quarter valued at $280,000. Finally, LVW Advisors LLC raised its holdings in United Parcel Service by 34.2% in the 2nd quarter. LVW Advisors LLC now owns 4,578 shares of the transportation company's stock worth $462,000 after acquiring an additional 1,167 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Carol B. Tome acquired 11,682 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was purchased 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 directly owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price 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 $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 17,182 shares of company stock valued at $1,477,382. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on UPS shares. Vertical Research reissued a "hold" rating and issued a $103.00 price objective on shares of United Parcel Service in a research report on Wednesday, July 30th. Wall Street Zen downgraded shares of United Parcel Service from a "hold" rating to a "sell" rating in a report on Saturday, September 20th. Stifel Nicolaus cut their price objective on shares of 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. Wells Fargo & Company reduced their target price 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. Finally, BMO Capital Markets reissued a "market perform" rating and set a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $111.38.

United Parcel Service Trading Up 1.4%

UPS stock opened at $83.74 on Friday. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year 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. The business's 50 day moving average is $87.90 and its 200-day moving average is $96.45. The firm has a market cap of $70.98 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.54 and a beta of 1.08.

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). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter in the prior year, the company earned $1.79 earnings per share. The business's revenue was down 2.7% compared to the same quarter last year. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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