Marco Investment Management LLC Acquires 858 Shares of United Parcel Service, Inc. (NYSE:UPS)

Marco Investment Management LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,832 shares of the transportation company’s stock after purchasing an additional 858 shares during the period. United Parcel Service comprises 1.4% of Marco Investment Management LLC’s portfolio, making the stock its 26th biggest holding. Marco Investment Management LLC’s holdings in United Parcel Service were worth $15,031,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares during the last quarter. Norges Bank acquired a new stake in United Parcel Service during the 4th quarter valued at $1,128,322,000. First Trust Advisors LP raised its position in United Parcel Service by 208.1% in the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after purchasing an additional 1,160,005 shares during the last quarter. Spirepoint Private Client LLC bought a new stake in shares of United Parcel Service during the first quarter worth $160,787,000. Finally, Franklin Resources Inc. increased its stake in shares of United Parcel Service by 11.4% in the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after buying an additional 980,317 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on UPS shares. Wells Fargo & Company decreased their price objective on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Stephens dropped their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Barclays cut their price target on 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. Oppenheimer cut their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, UBS Group lowered their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price of $151.20.

United Parcel Service Price Performance

Shares of UPS opened at $129.83 on Wednesday. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a market cap of $111.21 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.88 and a beta of 0.99. The company’s fifty day simple moving average is $131.34 and its 200 day simple moving average is $140.29. 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 (NYSE:UPS) last issued its quarterly earnings data 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 company 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%. The company’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business earned $2.54 earnings per share. On average, 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 firm also recently declared 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 5.02%. United Parcel Service’s payout ratio is 94.49%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by insiders.

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.