Professional Advisory Services Inc. Has $25.61 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Professional Advisory Services Inc. increased its position in United Parcel Service, Inc. (NYSE:UPS) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 142,886 shares of the transportation company’s stock after buying an additional 8,955 shares during the period. United Parcel Service comprises approximately 3.9% of Professional Advisory Services Inc.’s holdings, making the stock its 5th largest position. Professional Advisory Services Inc.’s holdings in United Parcel Service were worth $25,612,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of UPS. Gleason Group Inc. boosted its stake in shares of United Parcel Service by 0.9% during the 1st quarter. Gleason Group Inc. now owns 6,166 shares of the transportation company’s stock worth $1,196,000 after purchasing an additional 53 shares during the last quarter. Oak Harbor Wealth Partners LLC boosted its stake in shares of United Parcel Service by 0.3% during the 1st quarter. Oak Harbor Wealth Partners LLC now owns 17,501 shares of the transportation company’s stock worth $3,395,000 after purchasing an additional 53 shares during the last quarter. Cornell Pochily Investment Advisors Inc. boosted its stake in shares of United Parcel Service by 2.6% during the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 2,135 shares of the transportation company’s stock worth $414,000 after purchasing an additional 55 shares during the last quarter. Cigna Investments Inc. New lifted its holdings in shares of United Parcel Service by 0.6% during the 4th quarter. Cigna Investments Inc. New now owns 9,106 shares of the transportation company’s stock worth $1,583,000 after acquiring an additional 56 shares during the period. Finally, Paragon Private Wealth Management LLC lifted its holdings in shares of United Parcel Service by 0.8% during the 4th quarter. Paragon Private Wealth Management LLC now owns 7,234 shares of the transportation company’s stock worth $1,258,000 after acquiring an additional 56 shares during the period. Institutional investors own 58.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UPS shares. TD Cowen cut their price objective on shares of United Parcel Service from $190.00 to $185.00 and set a “market perform” rating on the stock in a report on Thursday. BMO Capital Markets increased their price objective on shares of United Parcel Service from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Wednesday, August 9th. Bank of America cut their price objective on shares of United Parcel Service from $190.00 to $177.00 and set a “neutral” rating on the stock in a report on Tuesday. UBS Group lowered shares of United Parcel Service from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $198.00 to $185.00 in a report on Wednesday, August 9th. Finally, Atlantic Securities initiated coverage on shares of United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating and a $162.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $187.30.

United Parcel Service Stock Down 0.1 %

Shares of UPS stock traded down $0.24 during mid-day trading on Friday, reaching $160.49. 4,382,293 shares of the company were exchanged, compared to its average volume of 3,152,315. United Parcel Service, Inc. has a fifty-two week low of $154.87 and a fifty-two week high of $197.80. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $137.13 billion, a P/E ratio of 13.92, a P/E/G ratio of 1.69 and a beta of 1.09. The business’s 50 day simple moving average is $175.71 and its 200 day simple moving average is $178.48.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.05. United Parcel Service had a net margin of 10.41% and a return on equity of 51.28%. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $23.04 billion. During the same quarter last year, the company earned $3.29 earnings per share. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 9.49 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 14th were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Friday, August 11th. United Parcel Service’s payout ratio is currently 56.20%.

Insider Transactions at United Parcel Service

In other news, insider Nando Cesarone sold 22,825 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $171.70, for a total transaction of $3,919,052.50. Following the completion of the sale, the insider now owns 1 shares of the company’s stock, valued at $171.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.12% of the company’s stock.

About United Parcel Service

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.