United Parcel Service, Inc. (NYSE:UPS) Position Boosted by NovaPoint Capital LLC

NovaPoint Capital LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,674 shares of the transportation company’s stock after acquiring an additional 150 shares during the period. NovaPoint Capital LLC’s holdings in United Parcel Service were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Blackston Financial Advisory Group LLC increased its stake in United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after buying an additional 69 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in United Parcel Service by 2.1% during the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock valued at $519,000 after purchasing an additional 73 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in United Parcel Service by 0.9% during the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock worth $1,269,000 after buying an additional 73 shares in the last quarter. MV Capital Management Inc. grew its position in United Parcel Service by 8.6% in the first quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock worth $144,000 after buying an additional 77 shares during the last quarter. Finally, Gleason Group Inc. increased its holdings in shares of United Parcel Service by 1.2% in the second quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock valued at $889,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.4 %

Shares of UPS stock opened at $135.93 on Friday. United Parcel Service, Inc. has a one year low of $123.12 and a one year 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 fifty day moving average price of $130.21 and a 200 day moving average price of $136.66. The stock has a market cap of $116.43 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued 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). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the firm posted $2.54 earnings per share. United Parcel Service’s revenue was down 1.1% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.80%. United Parcel Service’s dividend payout ratio is presently 106.36%.

Insider Activity

In other news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction that occurred 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 acquisition, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. This trade represents a 3,100.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UPS. Stephens dropped their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI reduced their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. Stifel Nicolaus decreased their price target on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Bank of America dropped 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 note on Monday, July 22nd. Finally, Oppenheimer decreased their target price on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.24.

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.