Commonwealth Retirement Investments LLC Increases Stake in United Parcel Service, Inc. (NYSE:UPS)

Commonwealth Retirement Investments LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,585 shares of the transportation company’s stock after acquiring an additional 1,037 shares during the quarter. United Parcel Service makes up 1.9% of Commonwealth Retirement Investments LLC’s portfolio, making the stock its 18th largest holding. Commonwealth Retirement Investments LLC’s holdings in United Parcel Service were worth $4,049,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in United Parcel Service by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock valued at $578,053,000 after purchasing an additional 200,297 shares in the last quarter. United Services Automobile Association lifted its position in shares of United Parcel Service by 235.3% during the 4th quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock valued at $37,316,000 after buying an additional 166,557 shares in the last quarter. Natixis bought a new position in shares of United Parcel Service during the 1st quarter valued at approximately $121,000. Assetmark Inc. increased its holdings in United Parcel Service by 20.2% in the 4th quarter. Assetmark Inc. now owns 62,360 shares of the transportation company’s stock worth $9,805,000 after acquiring an additional 10,467 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after acquiring an additional 980,317 shares during the period. Institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated 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 acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $127.56 on Friday. The firm has a fifty day simple moving average of $131.59 and a two-hundred day simple moving average of $140.68. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week 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 stock has a market capitalization of $109.27 billion, a P/E ratio of 18.49, a PEG ratio of 1.90 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company 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 business posted $2.54 EPS. The company’s revenue was down 1.1% on a year-over-year basis. On average, 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. Investors of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 5.11%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on UPS shares. UBS Group dropped their price target 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. TD Cowen began coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. Bank of America cut their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Robert W. Baird lowered their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, BMO Capital Markets dropped their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. One 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.20.

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.