Elevated Capital Advisors LLC Has $557,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Elevated Capital Advisors LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 17.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,074 shares of the transportation company’s stock after acquiring an additional 593 shares during the period. Elevated Capital Advisors LLC’s holdings in United Parcel Service were worth $557,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in United Parcel Service by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock worth $578,053,000 after acquiring an additional 200,297 shares during the period. United Services Automobile Association raised its holdings in shares of United Parcel Service by 235.3% in the 4th quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock worth $37,316,000 after purchasing an additional 166,557 shares during the period. Natixis purchased a new position in United Parcel Service in the first quarter valued at approximately $121,000. Assetmark Inc. grew its holdings in United Parcel Service by 20.2% during the fourth quarter. Assetmark Inc. now owns 62,360 shares of the transportation company’s stock valued at $9,805,000 after purchasing an additional 10,467 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of United Parcel Service by 11.4% in the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after buying an additional 980,317 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

United Parcel Service Trading Up 1.2 %

UPS stock opened at $128.55 on Tuesday. The company has a market capitalization of $110.11 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $172.75. The company’s 50 day moving average price is $132.26 and its two-hundred day moving average price is $141.15.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the previous year, the business earned $2.54 EPS. United Parcel Service’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

Analyst Ratings Changes

Several research firms recently commented on UPS. Barclays cut their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus reduced their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets dropped their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, Wells Fargo & Company lowered their price target on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock 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 issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average 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.