Cascade Investment Advisors Inc. Purchases 2,956 Shares of United Parcel Service, Inc. $UPS

Cascade Investment Advisors Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 27.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,576 shares of the transportation company’s stock after acquiring an additional 2,956 shares during the period. Cascade Investment Advisors Inc.’s holdings in United Parcel Service were worth $1,370,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of UPS. Oregon Public Employees Retirement Fund lifted its stake in United Parcel Service by 0.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 63,304 shares of the transportation company’s stock valued at $6,390,000 after purchasing an additional 500 shares during the last quarter. Concord Wealth Partners grew its stake in shares of United Parcel Service by 50.2% during the second quarter. Concord Wealth Partners now owns 1,559 shares of the transportation company’s stock valued at $157,000 after buying an additional 521 shares during the last quarter. Vest Financial LLC boosted its position in United Parcel Service by 39.2% during the 2nd quarter. Vest Financial LLC now owns 11,745 shares of the transportation company’s stock valued at $1,186,000 after buying an additional 3,309 shares during the period. Cypress Capital Group boosted its holdings in United Parcel Service by 17.2% in the second quarter. Cypress Capital Group now owns 14,483 shares of the transportation company’s stock valued at $1,462,000 after acquiring an additional 2,130 shares in the last quarter. Finally, Orca Investment Management LLC raised its position in shares of United Parcel Service by 21.2% in the 2nd quarter. Orca Investment Management LLC now owns 17,958 shares of the transportation company’s stock worth $1,813,000 after acquiring an additional 3,144 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent analyst reports. Morgan Stanley dropped their price objective 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. Bank of America reduced their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. Wells Fargo & Company lowered their price target on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 30th. Finally, Oppenheimer lowered their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $109.38.

Insider Buying and Selling

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christiana Smith Shi bought 500 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director directly owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 17,182 shares of company stock worth $1,477,382 in the last three months. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $82.97 on Monday. The business has a 50 day moving average price of $85.74 and a 200 day moving average price of $94.22. The company has a market cap of $70.32 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.53 and a beta of 1.10. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.79 EPS. Research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.9%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

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.