Woodward Diversified Capital LLC Makes New $209,000 Investment in United Parcel Service, Inc. $UPS

Woodward Diversified Capital LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,066 shares of the transportation company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. First Pacific Financial lifted its holdings in shares of United Parcel Service by 4,184.6% in the second quarter. First Pacific Financial now owns 25,108 shares of the transportation company’s stock valued at $2,534,000 after buying an additional 24,522 shares during the period. Trust Co. of Vermont raised its position in United Parcel Service by 2.1% in the second quarter. Trust Co. of Vermont now owns 17,952 shares of the transportation company’s stock worth $1,812,000 after acquiring an additional 370 shares in the last quarter. Forza Wealth Management LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at about $471,000. Community Bank & Trust Waco Texas boosted its position in shares of United Parcel Service by 4.5% during the 2nd quarter. Community Bank & Trust Waco Texas now owns 4,741 shares of the transportation company’s stock valued at $479,000 after purchasing an additional 203 shares in the last quarter. Finally, Consolidated Portfolio Review Corp grew its stake in shares of United Parcel Service by 7.5% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 15,182 shares of the transportation company’s stock worth $1,532,000 after purchasing an additional 1,054 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In related news, Director Christiana Smith Shi purchased 500 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director owned 500 shares of the company’s stock, valued at $44,085. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the acquisition, the director owned 10,160 shares of the company’s stock, valued at $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $85.65 on Friday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market cap of $72.60 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The business has a fifty day simple moving average of $86.54 and a 200-day simple moving average of $95.70.

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

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.7%. United Parcel Service’s payout ratio is presently 97.62%.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of research reports. Citigroup reduced their target price on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Galvan Research cut 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. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, July 8th. Evercore ISI cut their target price on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 30th. Finally, Oppenheimer decreased their price target on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $110.41.

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.