Berkeley Capital Partners LLC Boosts Stake in United Parcel Service, Inc. $UPS

Berkeley Capital Partners LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 69.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 14,920 shares of the transportation company’s stock after purchasing an additional 6,133 shares during the period. Berkeley Capital Partners LLC’s holdings in United Parcel Service were worth $1,506,000 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. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service in the first quarter worth about $26,000. Citizens National Bank Trust Department lifted its stake in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after buying an additional 210 shares in the last quarter. Hemington Wealth Management lifted its stake in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after buying an additional 115 shares in the last quarter. Saudi Central Bank purchased a new position in shares of United Parcel Service in the first quarter worth about $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in United Parcel Service during the first quarter worth about $33,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of UPS opened at $86.88 on Tuesday. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The stock has a market cap of $73.64 billion, a PE ratio of 12.93, a P/E/G ratio of 1.60 and a beta of 1.10. The firm has a 50-day simple moving average of $85.59 and a two-hundred day simple moving average of $93.34. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share 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 company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter in the prior year, the business earned $1.79 earnings per share. United Parcel Service’s revenue was down 2.7% on a year-over-year basis. As a group, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

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

Analysts Set New Price Targets

UPS has been the subject of several recent analyst reports. UBS Group cut their price objective on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Wolfe Research cut their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, July 1st. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Finally, Oppenheimer cut their price objective on shares of 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 assigned a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $109.31.

Insider Activity at United Parcel Service

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

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.