Revolve Wealth Partners LLC Buys New Shares in United Parcel Service, Inc. (NYSE:UPS)

Revolve Wealth Partners LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS) in the second quarter, HoldingsChannel.com reports. The firm purchased 4,262 shares of the transportation company’s stock, valued at approximately $583,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cullen Investment Group LTD. raised its holdings in United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after acquiring an additional 68 shares during the period. Blackston Financial Advisory Group LLC raised 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 purchasing an additional 69 shares during the period. Versant Capital Management Inc lifted its holdings in United Parcel Service by 2.2% in the 1st quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock worth $477,000 after purchasing an additional 70 shares in the last quarter. Moody National Bank Trust Division boosted its stake in United Parcel Service by 0.8% in the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after purchasing an additional 71 shares during the period. Finally, Legacy Wealth Asset Management LLC grew its holdings in United Parcel Service by 2.1% during 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 in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of research reports. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the company from $150.00 to $170.00 in a report on Thursday, April 25th. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Bank of America cut their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Finally, Barclays decreased their price objective on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have given 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 $151.00.

United Parcel Service Trading Up 0.9 %

Shares of NYSE UPS traded up $1.10 during midday trading on Friday, hitting $129.65. The company’s stock had a trading volume of 3,255,863 shares, compared to its average volume of 4,253,306. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $172.75. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market cap of $110.92 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.78 and a beta of 0.98. The business’s 50 day moving average is $134.05 and its two-hundred day moving average is $142.45.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company 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 earned $2.54 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.51 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.03%. United Parcel Service’s dividend payout ratio is currently 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.