Koss Olinger Consulting LLC Makes New $1.86 Million Investment in United Parcel Service, Inc. (NYSE:UPS)

Koss Olinger Consulting LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS) in the 1st quarter, Holdings Channel reports. The firm purchased 16,887 shares of the transportation company’s stock, valued at approximately $1,857,000.

Several other hedge funds have also recently modified their holdings of UPS. Goldman Sachs Group Inc. raised its stake in shares of United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after purchasing an additional 4,988,044 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of United Parcel Service by 1,056.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock worth $476,936,000 after purchasing an additional 3,961,255 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after purchasing an additional 1,780,807 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of United Parcel Service in the fourth quarter worth $145,846,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of United Parcel Service by 19.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company’s stock worth $815,102,000 after purchasing an additional 1,064,293 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the purchase, the director owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Carol B. Tome purchased 11,682 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares of the company’s stock, valued at $2,117,591.06. The trade was a 89.61% increase in their position. The disclosure for this purchase can be found here. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $86.65 on Friday. The stock has a 50 day moving average of $98.23 and a 200 day moving average of $104.63. United Parcel Service, Inc. has a 12 month low of $84.28 and a 12 month high of $145.01. The firm has a market cap of $73.38 billion, a PE ratio of 12.89, a PEG ratio of 1.57 and a beta of 1.12. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the previous year, the company posted $1.79 earnings per share. United Parcel Service’s quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.6%. United Parcel Service’s dividend payout ratio is presently 97.62%.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent analyst reports. DA Davidson decreased their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Galvan Research reduced their price objective on United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, June 30th. Barclays reduced their price objective on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a research report on Thursday, July 31st. Stifel Canada reduced their price objective on United Parcel Service from $145.00 to $124.00 in a research report on Wednesday, April 30th. Finally, Wall Street Zen cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.81.

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.