Stonebrook Private Inc. Boosts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Stonebrook Private Inc. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 25.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,609 shares of the transportation company’s stock after purchasing an additional 741 shares during the period. Stonebrook Private Inc.’s holdings in United Parcel Service were worth $494,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UPS. Dimensional Fund Advisors LP lifted its stake in United Parcel Service by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock worth $578,053,000 after acquiring an additional 200,297 shares during the period. United Services Automobile Association boosted its stake 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 purchasing an additional 166,557 shares in the last quarter. Natixis purchased a new position in shares of United Parcel Service during the first quarter valued at about $121,000. Assetmark Inc. lifted its holdings in United Parcel Service by 20.2% in the fourth quarter. Assetmark Inc. now owns 62,360 shares of the transportation company’s stock worth $9,805,000 after buying an additional 10,467 shares during the period. Finally, Franklin Resources Inc. boosted its position 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 valued at $1,510,517,000 after acquiring an additional 980,317 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock traded up $0.14 during midday trading on Friday, reaching $127.54. 3,590,415 shares of the company traded hands, compared to its average volume of 4,260,735. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day moving average of $131.59 and a two-hundred day moving average of $140.68. The firm has a market capitalization of $109.25 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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 firm had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the previous year, the firm earned $2.54 EPS. The business’s revenue was down 1.1% on a year-over-year basis. As a group, research analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.11%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is currently 94.49%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UPS shares. TD Cowen started coverage on United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. Wells Fargo & Company lowered their price objective on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Evercore ISI reduced their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. Barclays lowered their price target on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, Robert W. Baird decreased their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average target price of $151.20.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by 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.