Albion Financial Group UT Buys 743 Shares of United Parcel Service, Inc. (NYSE:UPS)

Albion Financial Group UT raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the 3rd quarter, Holdings Channel reports. The fund owned 39,964 shares of the transportation company’s stock after purchasing an additional 743 shares during the period. Albion Financial Group UT’s holdings in United Parcel Service were worth $5,449,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullen Investment Group LTD. lifted its holdings in shares of United Parcel Service by 0.7% during the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after purchasing an additional 68 shares during the last quarter. Blackston Financial Advisory Group LLC lifted its holdings in shares of 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 last quarter. Versant Capital Management Inc lifted its holdings in shares of United Parcel Service by 2.2% during the 1st quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after purchasing an additional 70 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in shares of United Parcel Service by 0.8% during the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock valued at $1,354,000 after purchasing an additional 71 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 73 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS stock opened at $132.85 on Friday. The stock has a market cap of $113.80 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The business has a 50-day simple moving average of $129.08 and a 200-day simple moving average of $137.23. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm earned $2.54 EPS. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts expect that United Parcel Service, Inc. will post 7.42 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.91%. United Parcel Service’s dividend payout ratio is presently 106.36%.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. This trade represents a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

UPS has been the subject of several analyst reports. Oppenheimer decreased their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Wells Fargo & Company raised their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group reduced their target price 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. Finally, Susquehanna reduced their target price 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target 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.