1,632 Shares in United Parcel Service, Inc. (NYSE:UPS) Bought by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 2nd quarter, Holdings Channel reports. The fund purchased 1,632 shares of the transportation company’s stock, valued at approximately $223,000.

Several other hedge funds also recently modified their holdings of the stock. GUNN & Co INVESTMENT MANAGEMENT INC. increased its holdings in shares of United Parcel Service by 1,369.8% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 221,900 shares of the transportation company’s stock valued at $34,889,000 after purchasing an additional 206,803 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of United Parcel Service during the 4th quarter worth $541,000. Gilbert & Cook Inc. boosted its stake in United Parcel Service by 0.7% in the fourth quarter. Gilbert & Cook Inc. now owns 74,000 shares of the transportation company’s stock valued at $11,635,000 after buying an additional 540 shares in the last quarter. Intrust Bank NA grew its position in United Parcel Service by 7.2% in the fourth quarter. Intrust Bank NA now owns 8,127 shares of the transportation company’s stock valued at $1,278,000 after acquiring an additional 543 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in United Parcel Service by 2.6% during the fourth quarter. Van ECK Associates Corp now owns 130,821 shares of the transportation company’s stock worth $20,569,000 after acquiring an additional 3,277 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 1.1 %

United Parcel Service stock opened at $127.90 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market cap of $109.56 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.85 and a beta of 0.98. The business has a 50-day simple moving average of $133.09 and a two-hundred day simple moving average of $141.79. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $172.75.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.54 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.47 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.10%. United Parcel Service’s payout ratio is 94.49%.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Oppenheimer cut their target price on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. BMO Capital Markets dropped their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird cut their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Bank of America reduced their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.20.

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.