U S Global Investors Inc. Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

U S Global Investors Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 25.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,499 shares of the transportation company’s stock after purchasing an additional 304 shares during the quarter. U S Global Investors Inc.’s holdings in United Parcel Service were worth $204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. TruNorth Capital Management LLC purchased a new stake in United Parcel Service in the 2nd quarter worth approximately $28,000. Stephens Consulting LLC raised its position in shares of United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at $32,000. Centerpoint Advisors LLC raised its position in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 1.1 %

NYSE UPS traded down $1.48 during trading hours on Tuesday, reaching $129.85. 410,028 shares of the company’s stock traded hands, compared to its average volume of 4,169,594. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The firm has a market cap of $111.23 billion, a PE ratio of 21.43, a PEG ratio of 2.00 and a beta of 0.99. The firm has a 50-day simple moving average of $130.34 and a 200 day simple moving average of $136.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last issued its 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 firm had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $2.54 earnings per share. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.44 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.02%. United Parcel Service’s payout ratio is 106.36%.

Wall Street Analysts Forecast Growth

UPS has been the topic of several research reports. Bank of America lowered their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Evercore ISI increased their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday. Robert W. Baird reduced their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Citigroup assumed coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target on the stock. Finally, Oppenheimer cut their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.05.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the 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 transaction, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The trade was a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Company 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.