United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Torray Investment Partners LLC

Torray Investment Partners LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,298 shares of the transportation company’s stock after purchasing an additional 2,927 shares during the quarter. Torray Investment Partners LLC’s holdings in United Parcel Service were worth $4,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of United Parcel Service by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock worth $578,053,000 after buying an additional 200,297 shares in the last quarter. United Services Automobile Association raised its holdings in United Parcel Service by 235.3% in the 4th quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock valued at $37,316,000 after acquiring an additional 166,557 shares in the last quarter. Natixis acquired a new stake in United Parcel Service during the first quarter valued at approximately $121,000. Assetmark Inc. increased its holdings in shares of United Parcel Service by 20.2% during the fourth quarter. Assetmark Inc. now owns 62,360 shares of the transportation company’s stock worth $9,805,000 after buying an additional 10,467 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after buying an additional 980,317 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. BMO Capital Markets decreased their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Evercore ISI cut their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. Stephens reduced their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Baird R W raised United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Bank of America decreased their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.20.

United Parcel Service Trading Up 0.1 %

UPS traded up $0.14 on Friday, reaching $127.54. 3,590,415 shares of the company traded hands, compared to its average volume of 4,260,735. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market cap of $109.25 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. The firm has a fifty day simple moving average of $131.59 and a two-hundred day simple moving average of $140.68. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the business earned $2.54 earnings per share. United Parcel Service’s revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 5.11%. United Parcel Service’s payout ratio is 94.49%.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by corporate insiders.

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.