Family Firm Inc. Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

Family Firm Inc. acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 730 shares of the transportation company’s stock, valued at approximately $100,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service in the 4th quarter worth about $26,000. Northwest Financial Advisors acquired a new position in United Parcel Service in the 4th quarter worth about $28,000. Pineridge Advisors LLC acquired a new position in United Parcel Service in the 4th quarter worth about $31,000. Security National Bank acquired a new position in United Parcel Service in the 4th quarter worth about $31,000. Finally, TruNorth Capital Management LLC acquired a new position in United Parcel Service in the 2nd quarter worth about $28,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of a number of analyst reports. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Susquehanna cut their price objective on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Oppenheimer cut their price objective on 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. Evercore ISI cut their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. Finally, BMO Capital Markets cut their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.20.

United Parcel Service Trading Up 0.9 %

NYSE:UPS traded up $1.13 during trading hours on Friday, reaching $127.97. 6,310,292 shares of the stock were exchanged, compared to its average volume of 4,256,522. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average of $133.22 and a two-hundred day moving average of $141.99. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $172.75. The company has a market capitalization of $109.49 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.82 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced 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 during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.54 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 7.51 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Monday, August 19th. United Parcel Service’s payout ratio is currently 94.49%.

Insider Activity

In related news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

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.