Thrive Wealth Management LLC Buys 236 Shares of United Parcel Service, Inc. (NYSE:UPS)

Thrive Wealth Management LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,803 shares of the transportation company’s stock after acquiring an additional 236 shares during the period. Thrive Wealth Management LLC’s holdings in United Parcel Service were worth $861,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of United Parcel Service by 210.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,943,616 shares of the transportation company’s stock worth $2,878,723,000 after acquiring an additional 10,134,386 shares during the period. Geode Capital Management LLC increased its holdings in United Parcel Service by 3.2% in the first quarter. Geode Capital Management LLC now owns 13,202,727 shares of the transportation company’s stock worth $2,556,095,000 after purchasing an additional 414,934 shares in the last quarter. Northern Trust Corp increased its holdings in United Parcel Service by 0.6% in the first quarter. Northern Trust Corp now owns 9,273,417 shares of the transportation company’s stock worth $1,988,777,000 after purchasing an additional 54,401 shares in the last quarter. Morgan Stanley increased its holdings in United Parcel Service by 33.7% in the fourth quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock worth $1,343,799,000 after purchasing an additional 1,949,775 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $1,255,623,000. Institutional investors own 58.45% of the company’s stock.

United Parcel Service Stock Down 1.0 %

Shares of United Parcel Service stock traded down $1.62 during trading on Monday, reaching $158.87. The company’s stock had a trading volume of 340,105 shares, compared to its average volume of 3,322,858. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.97. The company has a market cap of $135.75 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 1.69 and a beta of 1.09. United Parcel Service, Inc. has a 1-year low of $154.87 and a 1-year high of $197.80. The company has a 50-day simple moving average of $175.33 and a two-hundred day simple moving average of $178.27.

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

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 14th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.08%. United Parcel Service’s payout ratio is currently 56.20%.

Insider Buying and Selling at United Parcel Service

In related news, insider Nando Cesarone sold 22,825 shares of United Parcel Service stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $171.70, for a total value of $3,919,052.50. Following the completion of the transaction, the insider now owns 1 shares in the company, valued at approximately $171.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UPS. Credit Suisse Group decreased their price objective on United Parcel Service from $204.00 to $194.00 and set a “neutral” rating for the company in a report on Wednesday, August 9th. JPMorgan Chase & Co. boosted their price objective on United Parcel Service from $181.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. UBS Group downgraded United Parcel Service from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $198.00 to $185.00 in a report on Wednesday, August 9th. Bank of America decreased their price target on United Parcel Service from $190.00 to $177.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. Finally, Atlantic Securities started coverage on United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating and a $162.00 price target for the company. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $186.89.

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