Checchi Capital Advisers LLC Acquires 430 Shares of United Parcel Service, Inc. (NYSE:UPS)

Checchi Capital Advisers LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,772 shares of the transportation company’s stock after purchasing an additional 430 shares during the quarter. Checchi Capital Advisers LLC’s holdings in United Parcel Service were worth $1,452,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its stake in United Parcel Service by 16.2% during the 1st quarter. Ritholtz Wealth Management now owns 4,211 shares of the transportation company’s stock valued at $903,000 after purchasing an additional 588 shares during the period. MBL Wealth LLC bought a new stake in United Parcel Service during the 1st quarter valued at approximately $349,000. Cozad Asset Management Inc. boosted its stake in United Parcel Service by 98.5% during the 1st quarter. Cozad Asset Management Inc. now owns 2,217 shares of the transportation company’s stock valued at $475,000 after purchasing an additional 1,100 shares during the period. ProVise Management Group LLC boosted its stake in United Parcel Service by 14.9% during the 1st quarter. ProVise Management Group LLC now owns 5,550 shares of the transportation company’s stock valued at $1,190,000 after purchasing an additional 720 shares during the period. Finally, Aviva PLC boosted its stake in United Parcel Service by 0.5% during the 4th quarter. Aviva PLC now owns 222,556 shares of the transportation company’s stock valued at $47,703,000 after purchasing an additional 1,065 shares during the period. Institutional investors own 57.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on UPS. Wells Fargo & Company cut their price target on United Parcel Service from $270.00 to $223.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. Evercore ISI reaffirmed an “outperform” rating and issued a $227.00 price target (down previously from $255.00) on shares of United Parcel Service in a report on Tuesday, July 12th. BMO Capital Markets cut their price target on United Parcel Service from $225.00 to $200.00 and set a “market perform” rating for the company in a report on Wednesday, April 27th. Barclays cut their price target on United Parcel Service from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. set a $199.00 price target on United Parcel Service in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $215.82.

United Parcel Service Trading Up 1.2 %

UPS stock opened at $196.76 on Friday. The business has a fifty day moving average price of $182.86 and a 200 day moving average price of $194.22. United Parcel Service, Inc. has a fifty-two week low of $165.34 and a fifty-two week high of $233.72. The stock has a market capitalization of $171.92 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 1.70 and a beta of 1.08. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.47 and a quick ratio of 1.52.

United Parcel Service (NYSE:UPSGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The transportation company reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.15. United Parcel Service had a return on equity of 76.43% and a net margin of 10.92%. The firm had revenue of $24.80 billion during the quarter, compared to analysts’ expectations of $24.59 billion. During the same period last year, the firm posted $3.06 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post 12.81 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be issued a dividend of $1.52 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $6.08 dividend on an annualized basis and a yield of 3.09%. United Parcel Service’s dividend payout ratio is 48.84%.

Insider Activity at United Parcel Service

In related news, CMO Kevin M. Warren sold 23,366 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $193.31, for a total transaction of $4,516,881.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.12% of the company’s stock.

United Parcel Service Profile

(Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Further Reading

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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