United Parcel Service, Inc. (NYSE:UPS) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 101,427 shares of the transportation company’s stock after acquiring an additional 8,766 shares during the quarter. ProShare Advisors LLC’s holdings in United Parcel Service were worth $13,880,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of UPS. Cullen Investment Group LTD. raised its position in shares of United Parcel Service by 0.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after purchasing an additional 68 shares in the last quarter. Blackston Financial Advisory Group LLC raised its holdings in United Parcel Service by 1.4% in the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares in the last quarter. Versant Capital Management Inc boosted its stake in United Parcel Service by 2.2% during the 1st quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after acquiring an additional 70 shares during the last quarter. Moody National Bank Trust Division grew its holdings in United Parcel Service by 0.8% during the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after acquiring an additional 71 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC increased its position in shares of United Parcel Service by 2.1% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on UPS shares. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Stephens decreased their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. TD Cowen initiated coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Evercore ISI decreased their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Finally, Barclays dropped their target price on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $149.68.

United Parcel Service Stock Performance

Shares of UPS opened at $128.74 on Tuesday. The firm has a market capitalization of $110.14 billion, a PE ratio of 18.66, a P/E/G ratio of 1.90 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average price of $129.87 and a 200 day moving average price of $139.01. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week 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 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.54 EPS. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 5.06%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

About United Parcel Service

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.