SkyOak Wealth LLC Increases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

SkyOak Wealth LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,986 shares of the transportation company’s stock after purchasing an additional 1,267 shares during the quarter. SkyOak Wealth LLC’s holdings in United Parcel Service were worth $2,325,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UPS. Blair William & Co. IL raised its stake in shares of United Parcel Service by 38.0% during the 2nd quarter. Blair William & Co. IL now owns 245,087 shares of the transportation company’s stock worth $33,540,000 after purchasing an additional 67,476 shares during the period. Zega Financial LLC purchased a new stake in United Parcel Service during the second quarter worth about $263,000. Meiji Yasuda Asset Management Co Ltd. raised its position in United Parcel Service by 69.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 44,558 shares of the transportation company’s stock worth $6,098,000 after acquiring an additional 18,227 shares during the period. Argent Trust Co boosted its stake in United Parcel Service by 8.1% in the second quarter. Argent Trust Co now owns 59,098 shares of the transportation company’s stock valued at $8,088,000 after acquiring an additional 4,440 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its position in shares of United Parcel Service by 25.2% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 67,399 shares of the transportation company’s stock valued at $9,224,000 after acquiring an additional 13,563 shares during the period. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on UPS. Evercore ISI dropped their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. JPMorgan Chase & Co. cut their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Robert W. Baird decreased their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Stephens dropped their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, Barclays cut their target price on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $149.68.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 1.4 %

Shares of United Parcel Service stock opened at $130.70 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The firm has a market cap of $111.82 billion, a PE ratio of 18.94, a PEG ratio of 1.89 and a beta of 0.99. The company has a 50 day simple moving average of $130.68 and a two-hundred day simple moving average of $139.62.

United Parcel Service (NYSE:UPS) last released its quarterly 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). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the previous year, the business earned $2.54 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is currently 94.49%.

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.