Joule Financial LLC Grows Holdings in United Parcel Service, Inc. $UPS

Joule Financial LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,533 shares of the transportation company’s stock after buying an additional 124 shares during the quarter. Joule Financial LLC’s holdings in United Parcel Service were worth $256,000 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. Graybill Wealth Management LTD. bought a new stake in United Parcel Service during the first quarter worth about $26,000. Citizens National Bank Trust Department raised its stake in shares of United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after acquiring an additional 210 shares in the last quarter. Hemington Wealth Management lifted its holdings in shares of United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after acquiring an additional 115 shares during the last quarter. Saudi Central Bank bought a new stake in shares of United Parcel Service in the 1st quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC bought a new position in shares of United Parcel Service during the 1st quarter valued at $33,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on UPS. Citigroup lowered their price target on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Morgan Stanley reduced their price target on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 30th. Wall Street Zen cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target on the stock in a report on Thursday, July 3rd. Finally, Wolfe Research cut their price target on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $110.16.

United Parcel Service Stock Up 1.4%

Shares of NYSE:UPS opened at $86.79 on Monday. The stock has a fifty day simple moving average of $86.20 and a two-hundred day simple moving average of $95.17. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $73.56 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.60 and a beta of 1.10. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the prior year, the company posted $1.79 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is presently 97.62%.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christiana Smith Shi purchased 500 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director directly owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by company insiders.

United Parcel Service Company 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.