Stolper Co Acquires 140 Shares of United Parcel Service, Inc. (NYSE:UPS)

Stolper Co increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,920 shares of the transportation company’s stock after purchasing an additional 140 shares during the period. United Parcel Service makes up 1.6% of Stolper Co’s investment portfolio, making the stock its 27th biggest holding. Stolper Co’s holdings in United Parcel Service were worth $4,761,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of UPS. Bragg Financial Advisors Inc boosted its holdings in United Parcel Service by 7.5% in the fourth quarter. Bragg Financial Advisors Inc now owns 32,263 shares of the transportation company’s stock worth $5,073,000 after purchasing an additional 2,242 shares in the last quarter. Barden Capital Management Inc. boosted its holdings in United Parcel Service by 15.0% in the fourth quarter. Barden Capital Management Inc. now owns 7,818 shares of the transportation company’s stock worth $1,218,000 after purchasing an additional 1,022 shares in the last quarter. Gallagher Fiduciary Advisors LLC boosted its holdings in United Parcel Service by 7.7% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 4,329 shares of the transportation company’s stock worth $681,000 after purchasing an additional 311 shares in the last quarter. Parkwood LLC acquired a new position in United Parcel Service during the 4th quarter worth $3,096,000. Finally, Petredis Investment Advisors LLC acquired a new position in United Parcel Service during the 4th quarter worth $2,009,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

NYSE:UPS opened at $134.24 on Friday. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. 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 firm has a market capitalization of $114.99 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The firm has a 50-day moving average price of $129.08 and a 200 day moving average price of $137.23.

United Parcel Service (NYSE:UPS) last posted 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 business had revenue of $21.82 billion during 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 business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the company earned $2.54 EPS. Research analysts anticipate that United Parcel Service, Inc. will post 7.42 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.86%. United Parcel Service’s dividend payout ratio is 106.36%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UPS. UBS Group cut their target price on shares of 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. Susquehanna cut their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets cut their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. The Goldman Sachs Group cut their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Citigroup began coverage on shares of United Parcel Service in a research report on Wednesday. They set a “buy” rating and a $162.00 target price for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $151.24.

Insiders Place Their Bets

In other news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were purchased 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 owns 5,160 shares of the company’s stock, valued at $663,627.60. This 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 the SEC website. 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.