United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Breakwater Capital Group

Breakwater Capital Group grew its position in United Parcel Service, Inc. (NYSE:UPS) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,738 shares of the transportation company’s stock after purchasing an additional 133 shares during the period. Breakwater Capital Group’s holdings in United Parcel Service were worth $512,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of UPS. GUNN & Co INVESTMENT MANAGEMENT INC. grew its stake 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 buying an additional 206,803 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of United Parcel Service by 18.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,013 shares of the transportation company’s stock worth $788,000 after purchasing an additional 763 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of United Parcel Service by 2.7% during the fourth quarter. Kovack Advisors Inc. now owns 4,388 shares of the transportation company’s stock worth $690,000 after purchasing an additional 117 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of United Parcel Service by 4.0% in the fourth quarter. Russell Investments Group Ltd. now owns 417,646 shares of the transportation company’s stock valued at $65,670,000 after purchasing an additional 16,198 shares during the period. Finally, Stonebrook Private Inc. purchased a new stake in United Parcel Service during the 4th quarter worth $432,000. 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 $0.70 during trading hours on Wednesday, hitting $127.20. The stock had a trading volume of 3,359,622 shares, compared to its average volume of 4,246,320. The stock’s fifty day simple moving average is $132.96 and its 200 day simple moving average is $141.66. The firm has a market capitalization of $108.96 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.85 and a beta of 0.98. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $172.75.

United Parcel Service (NYSE:UPS) last announced 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 net margin of 5.87% and a return on equity of 35.27%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.54 EPS. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders 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 5.13%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Insider Activity

In other news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UPS shares. Oppenheimer decreased their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets reduced their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Barclays cut their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Finally, Susquehanna cut their price target on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.20.

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.