Great Valley Advisor Group Inc. Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Great Valley Advisor Group Inc. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 154.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 34,706 shares of the transportation company’s stock after buying an additional 21,048 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in United Parcel Service were worth $4,750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners purchased a new position in shares of United Parcel Service during the fourth quarter worth approximately $26,000. Northwest Financial Advisors purchased a new position in United Parcel Service during the 4th quarter worth $28,000. Pineridge Advisors LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $31,000. Bourgeon Capital Management LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $31,000. Finally, Security National Bank acquired a new position in United Parcel Service in the 4th quarter valued at about $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Robert W. Baird cut their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus cut their price target on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Bank of America decreased their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. BMO Capital Markets decreased their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Finally, Barclays dropped their price objective on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Insider Activity

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.3 %

Shares of UPS stock traded down $0.38 on Wednesday, reaching $126.11. The company had a trading volume of 1,032,370 shares, compared to its average volume of 4,244,367. The stock has a market cap of $107.89 billion, a PE ratio of 18.33, a PEG ratio of 1.75 and a beta of 0.98. The company has a 50-day moving average of $134.61 and a 200-day moving average of $142.88. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $174.56.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.54 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.59 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 19th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.17%. The ex-dividend date is Monday, August 19th. United Parcel Service’s dividend payout ratio is 94.49%.

United Parcel Service Company 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.