United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Cannon Financial Strategists Inc.

Cannon Financial Strategists Inc. raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 8.5% during the third quarter, HoldingsChannel reports. The firm owned 2,625 shares of the transportation company’s stock after buying an additional 206 shares during the period. Cannon Financial Strategists Inc.’s holdings in United Parcel Service were worth $358,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. This trade represents a 3,100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

United Parcel Service Price Performance

Shares of NYSE UPS traded up $0.52 during trading on Friday, reaching $135.93. The company had a trading volume of 3,237,527 shares, compared to its average volume of 4,186,706. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The stock has a 50-day moving average price of $130.21 and a two-hundred day moving average price of $136.57. The stock has a market capitalization 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 released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.54 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.80%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group dropped 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. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company lifted their price target on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. UBS Group cut their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Robert W. Baird decreased their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $151.24.

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.