Pure Portfolios Holdings LLC Invests $294,000 in United Parcel Service, Inc. (NYSE:UPS)

Pure Portfolios Holdings LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 2,155 shares of the transportation company’s stock, valued at approximately $294,000.

Several other hedge funds have also recently added to or reduced their stakes in UPS. Clearbridge Investments LLC lifted its holdings in shares of United Parcel Service by 6.5% in the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after purchasing an additional 406,248 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of United Parcel Service by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after purchasing an additional 20,426 shares during the last quarter. American Century Companies Inc. lifted its stake in United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after buying an additional 393,434 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in United Parcel Service by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock valued at $611,445,000 after buying an additional 101,349 shares during the last quarter. Finally, Capital World Investors increased its position in United Parcel Service by 9.6% during the first quarter. Capital World Investors now owns 3,011,299 shares of the transportation company’s stock worth $447,569,000 after buying an additional 263,313 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The trade was a 3,100.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Barclays reduced their price objective 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. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. The Goldman Sachs Group decreased their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. BMO Capital Markets cut their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Finally, Evercore ISI decreased their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.24.

United Parcel Service Stock Up 0.4 %

UPS opened at $135.93 on Friday. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The firm has a 50 day moving average price of $130.21 and a 200 day moving average price of $136.57. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $116.30 billion, a PE ratio of 19.70, 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 EPS 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 business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the prior year, the business posted $2.54 EPS. The business’s revenue was down 1.1% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 94.49%.

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.