United Parcel Service, Inc. $UPS Position Raised by PDS Planning Inc

PDS Planning Inc raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 34,781 shares of the transportation company’s stock after buying an additional 132 shares during the quarter. PDS Planning Inc’s holdings in United Parcel Service were worth $3,511,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in United Parcel Service by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock worth $7,274,323,000 after purchasing an additional 999,832 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of United Parcel Service by 7.7% during 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 buying an additional 1,780,807 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of United Parcel Service by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after buying an additional 4,988,044 shares during the period. Northern Trust Corp raised its stake in United Parcel Service by 0.3% during the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock valued at $815,633,000 after acquiring an additional 23,918 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in United Parcel Service by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock valued at $519,059,000 after acquiring an additional 171,303 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 2.7%

NYSE UPS opened at $82.97 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The company’s 50 day simple moving average is $85.74 and its 200 day simple moving average is $94.45. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The company has a market capitalization of $70.32 billion, a P/E ratio of 12.35, a PEG ratio of 1.57 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results 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). The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.79 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Insider Buying and Selling

In related news, CEO Carol B. Tome purchased 11,682 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christiana Smith Shi purchased 500 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares of the company’s stock, valued at $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 17,182 shares of company stock valued at $1,477,382. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of research analyst reports. Wall Street Zen lowered United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. BNP Paribas Exane upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price for the company in a research report on Thursday, July 3rd. BNP Paribas raised shares of United Parcel Service to a “hold” rating in a research note on Thursday, July 3rd. Bank of America reduced their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $109.38.

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.