Stonebrook Private Inc. Purchases 741 Shares of United Parcel Service, Inc. (NYSE:UPS)

Stonebrook Private Inc. grew its position in United Parcel Service, Inc. (NYSE:UPS) by 25.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,609 shares of the transportation company’s stock after purchasing an additional 741 shares during the quarter. Stonebrook Private Inc.’s holdings in United Parcel Service were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of UPS. Dimensional Fund Advisors LP increased its stake in United Parcel Service by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock worth $578,053,000 after buying an additional 200,297 shares in the last quarter. United Services Automobile Association boosted its stake in shares of United Parcel Service by 235.3% in the fourth quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock worth $37,316,000 after acquiring an additional 166,557 shares during the period. Natixis purchased a new stake in shares of United Parcel Service during the first quarter worth about $121,000. Assetmark Inc. lifted its holdings in United Parcel Service by 20.2% in the 4th quarter. Assetmark Inc. now owns 62,360 shares of the transportation company’s stock worth $9,805,000 after purchasing an additional 10,467 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in United Parcel Service by 11.4% in the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after purchasing an additional 980,317 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.1 %

Shares of UPS traded up $0.14 during mid-day trading on Friday, reaching $127.54. 3,590,415 shares of the company’s stock traded hands, compared to its average volume of 4,260,735. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $109.25 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.90 and a beta of 0.99. The stock’s 50-day moving average is $131.59 and its two-hundred day moving average is $140.68.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.54 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 5.11%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UPS. Bank of America reduced their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Barclays decreased their price target on shares of 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. Wells Fargo & Company cut their price objective on 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. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Susquehanna dropped their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company 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 given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.20.

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.