Boston Financial Mangement LLC Purchases 5,077 Shares of United Parcel Service, Inc. (NYSE:UPS)

Boston Financial Mangement LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 588.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,940 shares of the transportation company’s stock after acquiring an additional 5,077 shares during the quarter. Boston Financial Mangement LLC’s holdings in United Parcel Service were worth $813,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new position in United Parcel Service during the 2nd quarter valued at $7,052,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of United Parcel Service by 322.4% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 360,212 shares of the transportation company’s stock valued at $49,295,000 after purchasing an additional 274,926 shares in the last quarter. Argent Advisors Inc. boosted its holdings in United Parcel Service by 9.0% during the second quarter. Argent Advisors Inc. now owns 10,833 shares of the transportation company’s stock worth $1,482,000 after purchasing an additional 898 shares during the last quarter. Vantage Investment Partners LLC grew its position in United Parcel Service by 7.9% in the 2nd quarter. Vantage Investment Partners LLC now owns 87,008 shares of the transportation company’s stock worth $11,907,000 after purchasing an additional 6,371 shares in the last quarter. Finally, Modera Wealth Management LLC increased its position in shares of United Parcel Service by 0.5% during the 2nd quarter. Modera Wealth Management LLC now owns 140,058 shares of the transportation company’s stock valued at $19,167,000 after purchasing an additional 751 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $128.55 on Friday. The stock has a market cap of $110.11 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.90 and a beta of 0.98. 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, Inc. has a 1 year low of $123.12 and a 1 year high of $172.75. The firm’s 50-day moving average is $132.63 and its 200 day moving average is $141.46.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.54 earnings per share. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.07%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Analysts Set New Price Targets

UPS has been the topic of a number of analyst reports. TD Cowen began coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Oppenheimer lowered their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Barclays dropped their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, BMO Capital Markets cut their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.20.

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.