OmniStar Financial Group Inc. Acquires New Shares in United Parcel Service, Inc. (NYSE:UPS)

OmniStar Financial Group Inc. acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the third quarter, according to its most recent filing with the SEC. The fund acquired 4,963 shares of the transportation company’s stock, valued at approximately $680,000.

Other hedge funds have also bought and sold shares of the company. Aspiriant LLC purchased a new position in shares of United Parcel Service during the 3rd quarter valued at $265,000. Aaron Wealth Advisors LLC purchased a new stake in United Parcel Service during the third quarter valued at about $281,000. Joule Financial LLC boosted its position in United Parcel Service by 5.6% during the third quarter. Joule Financial LLC now owns 2,877 shares of the transportation company’s stock valued at $392,000 after buying an additional 153 shares during the period. Stonegate Investment Group LLC boosted its position in United Parcel Service by 1,174.9% during the third quarter. Stonegate Investment Group LLC now owns 436,093 shares of the transportation company’s stock valued at $59,457,000 after buying an additional 401,887 shares during the period. Finally, Claro Advisors LLC boosted its position in United Parcel Service by 53.8% during the third quarter. Claro Advisors LLC now owns 3,909 shares of the transportation company’s stock valued at $533,000 after buying an additional 1,367 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.13% of the stock is currently owned by insiders.

United Parcel Service Stock Performance

UPS stock traded up $0.68 on Friday, hitting $136.09. The company had a trading volume of 643,947 shares, compared to its average volume of 4,174,159. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. 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 stock’s 50-day simple moving average is $130.01 and its 200 day simple moving average is $136.74. The stock has a market cap of $116.57 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 1.98 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.54 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.79%. United Parcel Service’s dividend payout ratio is currently 106.36%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UPS. Susquehanna dropped 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 report on Wednesday, July 24th. Stephens dropped their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.24.

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.