United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Northwest Investment Counselors LLC

Northwest Investment Counselors LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 1.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 25,795 shares of the transportation company’s stock after acquiring an additional 379 shares during the quarter. United Parcel Service comprises about 1.2% of Northwest Investment Counselors LLC’s portfolio, making the stock its 16th largest position. Northwest Investment Counselors LLC’s holdings in United Parcel Service were worth $4,624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gleason Group Inc. increased its holdings 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 acquiring an additional 53 shares during the last quarter. Oak Harbor Wealth Partners LLC grew its holdings in United Parcel Service by 0.3% in the 1st quarter. Oak Harbor Wealth Partners LLC now owns 17,501 shares of the transportation company’s stock valued at $3,395,000 after buying an additional 53 shares in the last quarter. Cornell Pochily Investment Advisors Inc. grew its holdings in United Parcel Service by 2.6% in the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 2,135 shares of the transportation company’s stock valued at $414,000 after buying an additional 55 shares in the last quarter. Cigna Investments Inc. New lifted its position 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 valued at $1,583,000 after acquiring an additional 56 shares during the period. Finally, Paragon Private Wealth Management LLC lifted its position 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 valued at $1,258,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 58.45% of the company’s stock.

United Parcel Service Stock Down 0.1 %

Shares of NYSE:UPS traded down $0.24 during mid-day trading on Friday, reaching $160.49. 4,382,293 shares of the stock were exchanged, compared to its average volume of 3,152,315. The company has a market cap 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 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, Inc. has a one year low of $154.87 and a one year high of $197.80. The stock’s 50 day simple moving average is $175.33 and its 200-day simple moving average is $178.30.

United Parcel Service (NYSE:UPSGet Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $3.29 earnings per share. United Parcel Service’s revenue was down 10.9% on a year-over-year basis. As a group, equities research analysts predict that United Parcel Service, Inc. will post 9.49 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 14th were issued 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 of this dividend was Friday, August 11th. United Parcel Service’s dividend payout ratio is currently 56.20%.

Analysts Set New Price Targets

Several analysts recently weighed in on UPS shares. BMO Capital Markets upped their price objective 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. Citigroup decreased their price target on United Parcel Service from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, September 12th. StockNews.com initiated coverage on United Parcel Service in a research note on Thursday, August 17th. They set a “hold” rating for the company. Evercore ISI reduced their price objective on United Parcel Service from $185.00 to $179.00 and set an “in-line” rating for the company in a research note on Tuesday, September 12th. Finally, JPMorgan Chase & Co. raised their target price on United Parcel Service from $181.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $187.30.

Get Our Latest Stock Analysis on UPS

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Nando Cesarone sold 22,825 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $171.70, for a total value of $3,919,052.50. Following the transaction, the insider now directly owns 1 shares in the company, valued at $171.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by insiders.

United Parcel Service Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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