Rockline Wealth Management LLC Has $2.57 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Rockline Wealth Management LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,782 shares of the transportation company’s stock after purchasing an additional 181 shares during the period. Rockline Wealth Management LLC’s holdings in United Parcel Service were worth $2,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Northwest Financial Advisors bought a new stake in United Parcel Service during the 4th quarter valued at $28,000. TruNorth Capital Management LLC acquired a new position in United Parcel Service during the 2nd quarter valued at about $28,000. Security National Bank bought a new stake in United Parcel Service during the fourth quarter worth $31,000. Pineridge Advisors LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth $31,000. Finally, Riverview Trust Co purchased a new stake in United Parcel Service in the 2nd quarter valued at about $32,000. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Robert W. Baird lowered their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Barclays dropped their target price on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Susquehanna decreased their price target on shares of 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. Finally, BMO Capital Markets dropped their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $151.20.

United Parcel Service Price Performance

Shares of UPS traded up $1.57 during midday trading on Monday, reaching $128.55. The stock had a trading volume of 4,116,000 shares, compared to its average volume of 4,240,979. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $109.98 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98. The company’s 50-day moving average is $132.47 and its 200 day moving average is $141.28. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $172.75.

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

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 19th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 94.49%.

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.