SkyOak Wealth LLC Purchases 1,267 Shares of United Parcel Service, Inc. (NYSE:UPS)

SkyOak Wealth LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,986 shares of the transportation company’s stock after acquiring an additional 1,267 shares during the period. SkyOak Wealth LLC’s holdings in United Parcel Service were worth $2,325,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after buying an additional 8,475,698 shares during the period. First Trust Advisors LP lifted its stake in United Parcel Service by 208.1% in the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after acquiring an additional 1,160,005 shares during the period. Spirepoint Private Client LLC bought a new stake in United Parcel Service in the first quarter valued at $160,787,000. Confluence Investment Management LLC purchased a new stake in shares of United Parcel Service in the 1st quarter worth about $100,176,000. Finally, Interval Partners LP bought a new stake in shares of United Parcel Service during the 1st quarter valued at about $90,099,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

UPS opened at $130.70 on Wednesday. The company’s 50-day simple moving average is $130.68 and its two-hundred day simple moving average is $139.62. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $111.82 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.89 and a beta of 0.99. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter last year, the company earned $2.54 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analyst Upgrades and Downgrades

Several analysts have commented on UPS shares. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Oppenheimer dropped their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Evercore ISI decreased their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Wells Fargo & Company dropped their target price on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Finally, Stephens decreased their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and a consensus target price of $149.68.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

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.