United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Sunbelt Securities Inc.

Sunbelt Securities Inc. raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,630 shares of the transportation company’s stock after acquiring an additional 648 shares during the period. Sunbelt Securities Inc.’s holdings in United Parcel Service were worth $2,276,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. increased its position in shares of United Parcel Service by 0.7% during the fourth quarter. Gilbert & Cook Inc. now owns 74,000 shares of the transportation company’s stock worth $11,635,000 after acquiring an additional 540 shares during the period. Aveo Capital Partners LLC acquired a new position in United Parcel Service during the fourth quarter worth approximately $218,000. Gryphon Financial Partners LLC raised its position in United Parcel Service by 128.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,028 shares of the transportation company’s stock valued at $493,000 after purchasing an additional 1,701 shares during the last quarter. Bank of Nova Scotia raised its holdings in shares of United Parcel Service by 29.4% in the fourth quarter. Bank of Nova Scotia now owns 175,594 shares of the transportation company’s stock valued at $27,608,000 after buying an additional 39,890 shares during the last quarter. Finally, Steward Partners Investment Solutions LLC purchased a new stake in United Parcel Service during the 4th quarter valued at approximately $474,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred on 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 acquisition, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $134.26 on Monday. The business has a 50-day moving average of $128.75 and a 200-day moving average of $138.36. The company has a market capitalization of $115.00 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.91 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. 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 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 firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the previous year, the firm posted $2.54 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Analyst Ratings Changes

A number of brokerages have commented on UPS. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Oppenheimer decreased their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. BMO Capital Markets reduced their price target on shares of 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. Robert W. Baird decreased their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, TD Cowen assumed 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. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $149.68.

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.