Strategic Financial Concepts LLC Takes $6.53 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Strategic Financial Concepts LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 47,721 shares of the transportation company’s stock, valued at approximately $6,531,000.

Several other hedge funds have also recently modified their holdings of UPS. Northwest Financial Advisors acquired a new position in United Parcel Service during the 4th quarter worth approximately $28,000. TruNorth Capital Management LLC acquired a new position in United Parcel Service during the second quarter worth $28,000. Security National Bank acquired a new position in United Parcel Service during the fourth quarter worth $31,000. Pineridge Advisors LLC purchased a new position in United Parcel Service in the fourth quarter worth $31,000. Finally, Riverview Trust Co acquired a new stake in United Parcel Service in the second quarter valued at $32,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UPS shares. 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 research note on Wednesday, July 24th. TD Cowen began coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. Barclays dropped their target price 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. BMO Capital Markets decreased their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus dropped their price objective on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $151.20.

Insider Activity

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction on Thursday, July 25th. The stock was bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, 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 at this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.1 %

Shares of UPS stock opened at $127.54 on Monday. The company has a market capitalization of $109.25 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.88 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average price of $131.59 and a 200 day moving average price of $140.57. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the firm earned $2.54 EPS. The business’s quarterly revenue was down 1.1% on a year-over-year basis. Research analysts forecast 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 was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.11%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

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