International Assets Investment Management LLC Has $11.02 Million Holdings in United Parcel Service, Inc. $UPS

International Assets Investment Management LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,120 shares of the transportation company’s stock after purchasing an additional 1,038 shares during the quarter. International Assets Investment Management LLC’s holdings in United Parcel Service were worth $11,015,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Founders Capital Management LLC raised its stake in shares of United Parcel Service by 8.3% in the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock valued at $11,245,000 after purchasing an additional 8,579 shares during the period. Gallacher Capital Management LLC acquired a new stake in shares of United Parcel Service in the 1st quarter valued at about $620,000. Garde Capital Inc. acquired a new stake in shares of United Parcel Service in the 1st quarter valued at about $37,000. Capital CS Group LLC raised its stake in shares of United Parcel Service by 3.6% in the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock valued at $23,730,000 after purchasing an additional 8,070 shares during the period. Finally, CX Institutional grew its holdings in shares of United Parcel Service by 39.9% in the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock valued at $6,073,000 after acquiring an additional 17,152 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares in the company, valued at approximately $878,840. The trade was a 96.90% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christiana Smith Shi acquired 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director owned 500 shares of the company’s stock, valued at approximately $44,085. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 17,182 shares of company stock worth $1,477,382 over the last quarter. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on UPS shares. Citigroup decreased their price objective on United Parcel Service from $114.00 to $112.00 and set a “buy” rating for the company in a report on Monday, October 13th. Wolfe Research decreased their price objective on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a report on Tuesday, July 1st. BNP Paribas upgraded United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Finally, Morgan Stanley decreased their price objective on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $109.31.

United Parcel Service Trading Up 1.0%

United Parcel Service stock opened at $86.48 on Friday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $73.30 billion, a P/E ratio of 12.87, a PEG ratio of 1.60 and a beta of 1.10. The stock has a 50-day simple moving average of $85.58 and a 200 day simple moving average of $93.46.

United Parcel Service (NYSE:UPS) last posted 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 return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the business posted $1.79 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Monday, August 18th. United Parcel Service’s payout ratio is currently 97.62%.

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.