Wealthedge Investment Advisors LLC Has $3.27 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Key Points

• Wealthedge Investment Advisors LLC raised its stake in United Parcel Service, Inc. by 35.5% to a total of 29,747 shares, making it the company's 15th largest position.
• Several institutional investors, including Vanguard and Goldman Sachs, have also increased their holdings in UPS, contributing to a total of 60.26% institutional ownership of the company's stock.
• UPS recently announced a quarterly dividend of $1.64 per share, which equates to an annualized yield of 7.4% and will be paid on September 4th.

Wealthedge Investment Advisors LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 35.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 29,747 shares of the transportation company's stock after acquiring an additional 7,798 shares during the period. United Parcel Service accounts for about 1.5% of Wealthedge Investment Advisors LLC's holdings, making the stock its 15th largest position. Wealthedge Investment Advisors LLC's holdings in United Parcel Service were worth $3,272,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings 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 buying an additional 999,832 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of United Parcel Service by 7.7% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of United Parcel Service by 124.0% during 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 grew its holdings in shares of United Parcel Service by 9.6% during the 4th quarter. Northern Trust Corp now owns 7,391,605 shares of the transportation company's stock worth $932,081,000 after purchasing an additional 648,539 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of United Parcel Service by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock worth $815,102,000 after purchasing an additional 1,064,293 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Carol B. Tome purchased 11,682 shares of the business's stock in a transaction dated 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 completion of 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

UPS has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 30th. Bernstein Bank lifted their price objective on United Parcel Service from $132.00 to $133.00 in a report on Wednesday, April 30th. Wall Street Zen lowered United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Barclays decreased their price objective on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a report on Thursday, July 31st. Finally, Stifel Canada cut their target price on United Parcel Service from $145.00 to $124.00 in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has a consensus rating of "Hold" and a consensus target price of $112.81.

United Parcel Service Stock Up 0.6%

Shares of United Parcel Service stock opened at $88.70 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 12 month low of $84.28 and a 12 month high of $145.01. The business has a fifty day simple moving average of $97.43 and a 200 day simple moving average of $103.36. The stock has a market cap of $75.11 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.62 and a beta of 1.12.

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

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Monday, August 18th. United Parcel Service's payout ratio is 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.

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