Pacer Advisors Inc. Raises Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Pacer Advisors Inc. lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 328,330 shares of the transportation company’s stock after acquiring an additional 40,988 shares during the period. Pacer Advisors Inc.’s holdings in United Parcel Service were worth $44,932,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. Vanguard Group Inc. grew its holdings in shares of United Parcel Service by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock worth $10,568,798,000 after purchasing an additional 178,394 shares during the period. Wellington Management Group LLP grew its position in shares of United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after acquiring an additional 8,475,698 shares in the last quarter. Clearbridge Investments LLC increased its stake in United Parcel Service by 6.5% during the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after purchasing an additional 406,248 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in United Parcel Service by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after acquiring an additional 20,426 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in United Parcel Service by 10.5% during the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after purchasing an additional 393,434 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Bank of America dropped their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. UBS Group cut their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Susquehanna lowered their price objective on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company dropped their target price on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service Trading Down 2.7 %

Shares of UPS stock opened at $128.60 on Friday. The stock has a 50 day simple moving average of $130.18 and a 200 day simple moving average of $139.28. The stock has a market cap of $110.02 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 1.90 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. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) 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 firm 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 business posted $2.54 EPS. The business’s revenue was down 1.1% on a year-over-year basis. On average, research 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 disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is 94.49%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

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.