United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 21.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,851 shares of the transportation company’s stock after buying an additional 509 shares during the period. Vanguard Capital Wealth Advisors’ holdings in United Parcel Service were worth $390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in United Parcel Service by 87.6% during the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after buying an additional 8,475,698 shares in the last quarter. Norges Bank purchased a new stake in shares of United Parcel Service during the fourth quarter worth approximately $1,128,322,000. First Trust Advisors LP lifted its holdings in United Parcel Service by 208.1% in the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after purchasing an additional 1,160,005 shares in the last quarter. Spirepoint Private Client LLC purchased a new stake in shares of United Parcel Service during the first quarter worth $160,787,000. Finally, Franklin Resources Inc. raised its position in shares of United Parcel Service by 11.4% in the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after buying an additional 980,317 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In related news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Evercore ISI dropped their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. Wells Fargo & Company reduced their price objective on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Bank of America lowered their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Finally, Susquehanna cut their target price on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $151.20.

United Parcel Service Stock Performance

Shares of UPS stock opened at $128.50 on Thursday. The firm has a 50 day moving average of $131.21 and a two-hundred day moving average of $140.21. The stock has a market capitalization of $109.94 billion, a PE ratio of 18.62, a P/E/G ratio of 1.88 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the previous year, the firm earned $2.54 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, research analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid 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 5.07%. United Parcel Service’s dividend payout ratio is presently 94.49%.

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.