Hantz Financial Services Inc. Takes $6.43 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Hantz Financial Services Inc. purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 47,017 shares of the transportation company’s stock, valued at approximately $6,434,000.

A number of other hedge funds also recently bought and sold shares of UPS. Kings Path Partners LLC purchased a new stake in United Parcel Service in the second quarter worth about $904,000. Moloney Securities Asset Management LLC lifted its stake in shares of United Parcel Service by 4.9% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 7,865 shares of the transportation company’s stock valued at $1,076,000 after purchasing an additional 370 shares during the last quarter. Centerpoint Advisors LLC lifted its stake in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Forum Financial Management LP lifted its stake in shares of United Parcel Service by 5.5% in the 2nd quarter. Forum Financial Management LP now owns 3,019 shares of the transportation company’s stock valued at $413,000 after purchasing an additional 157 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of United Parcel Service by 3.3% in the second quarter. International Assets Investment Management LLC now owns 92,140 shares of the transportation company’s stock worth $12,609,000 after buying an additional 2,954 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

United Parcel Service Price Performance

NYSE:UPS opened at $128.55 on Friday. The firm has a market cap of $110.11 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98. The stock has a 50 day moving average of $132.47 and a two-hundred day moving average of $141.33. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $172.75. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

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

United Parcel Service Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Susquehanna reduced their price objective on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. BMO Capital Markets lowered their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Robert W. Baird lowered their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Oppenheimer lowered their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus decreased their price objective on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $151.20.

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.