Rise Advisors LLC Boosts Position in United Parcel Service, Inc. (NYSE:UPS)

Rise Advisors LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 825 shares of the transportation company’s stock after purchasing an additional 82 shares during the period. Rise Advisors LLC’s holdings in United Parcel Service were worth $148,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of UPS. Pacific Center for Financial Services bought a new position in shares of United Parcel Service in the first quarter worth about $25,000. Worth Asset Management LLC bought a new position in shares of United Parcel Service in the first quarter worth about $27,000. Dark Forest Capital Management LP bought a new position in shares of United Parcel Service in the fourth quarter worth about $31,000. Carderock Capital Management Inc. bought a new position in shares of United Parcel Service in the first quarter worth about $32,000. Finally, Centerpoint Advisors LLC boosted its stake in shares of United Parcel Service by 205.0% in the first quarter. Centerpoint Advisors LLC now owns 183 shares of the transportation company’s stock worth $36,000 after acquiring an additional 123 shares during the period. Institutional investors own 58.45% of the company’s stock.

United Parcel Service Trading Down 0.1 %

NYSE:UPS traded down $0.24 during midday trading on Friday, hitting $160.49. The stock had a trading volume of 4,382,293 shares, compared to its average volume of 3,152,315. United Parcel Service, Inc. has a one year low of $154.87 and a one year high of $197.80. The company has a market capitalization of $137.13 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.69 and a beta of 1.09. The stock has a 50-day moving average of $175.71 and a 200 day moving average of $178.48. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.97.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.05. United Parcel Service had a return on equity of 51.28% and a net margin of 10.41%. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $23.04 billion. During the same quarter in the prior year, the firm earned $3.29 earnings per share. United Parcel Service’s revenue was down 10.9% compared to the same quarter last year. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 9.49 EPS for the current year.

United Parcel Service Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UPS. Loop Capital lowered United Parcel Service from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $210.00 to $195.00 in a research note on Wednesday, August 9th. Stephens reiterated an “equal weight” rating and issued a $195.00 target price on shares of United Parcel Service in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on United Parcel Service from $181.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th. BMO Capital Markets boosted their target price on United Parcel Service from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 9th. Finally, Credit Suisse Group decreased their target price on United Parcel Service from $204.00 to $194.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $187.30.

Insider Buying and Selling at United Parcel Service

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

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