Bleakley Financial Group LLC Has $2.74 Million Stock Holdings in United Parcel Service, Inc. $UPS

Bleakley Financial Group LLC cut its position in United Parcel Service, Inc. (NYSE:UPS) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,125 shares of the transportation company’s stock after selling 1,324 shares during the period. Bleakley Financial Group LLC’s holdings in United Parcel Service were worth $2,738,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in UPS. Brighton Jones LLC grew its stake in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares during the period. Golden State Wealth Management LLC grew its stake in shares of United Parcel Service by 248.3% in the 1st quarter. Golden State Wealth Management LLC now owns 3,403 shares of the transportation company’s stock valued at $374,000 after buying an additional 2,426 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of United Parcel Service in the 1st quarter valued at about $38,000. Perigon Wealth Management LLC grew its stake in shares of United Parcel Service by 0.9% in the 1st quarter. Perigon Wealth Management LLC now owns 28,195 shares of the transportation company’s stock valued at $3,101,000 after buying an additional 251 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of United Parcel Service by 136.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 98,522 shares of the transportation company’s stock valued at $10,836,000 after buying an additional 56,800 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

United Parcel Service stock opened at $87.21 on Friday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $140.33. The company’s 50 day moving average price is $85.52 and its two-hundred day moving average price is $93.17. 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 $73.91 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.61 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 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 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 prior year, the business earned $1.79 EPS. United Parcel Service’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities analysts predict 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 announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 annualized dividend and a dividend yield of 7.5%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

Insiders Place Their Bets

In other news, CEO Carol B. Tome bought 11,682 shares of the company’s stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director owned 500 shares in the company, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UPS shares. BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Thursday, July 3rd. Wolfe Research dropped their price target on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 1st. Wells Fargo & Company dropped their price target on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 30th. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $96.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Finally, Oppenheimer dropped their price target on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $109.31.

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.