IMG Wealth Management Inc. Buys 472 Shares of United Parcel Service, Inc. $UPS

IMG Wealth Management Inc. increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 236.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 672 shares of the transportation company’s stock after acquiring an additional 472 shares during the period. IMG Wealth Management Inc.’s holdings in United Parcel Service were worth $68,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Probity Advisors Inc. increased its stake in United Parcel Service by 1.0% in the 2nd quarter. Probity Advisors Inc. now owns 14,605 shares of the transportation company’s stock worth $1,474,000 after purchasing an additional 149 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of United Parcel Service during the second quarter valued at approximately $26,000. Berkeley Capital Partners LLC grew its holdings in shares of United Parcel Service by 69.8% in the second quarter. Berkeley Capital Partners LLC now owns 14,920 shares of the transportation company’s stock worth $1,506,000 after purchasing an additional 6,133 shares during the last quarter. Bogart Wealth LLC increased its stake in shares of United Parcel Service by 96.7% in the second quarter. Bogart Wealth LLC now owns 785 shares of the transportation company’s stock worth $79,000 after buying an additional 386 shares during the period. Finally, FLC Capital Advisors increased its stake in shares of United Parcel Service by 379.4% in the second quarter. FLC Capital Advisors now owns 13,817 shares of the transportation company’s stock worth $1,395,000 after buying an additional 10,935 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director directly owned 500 shares in the company, valued at $44,085. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director directly owned 10,160 shares of the company’s stock, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on UPS shares. BMO Capital Markets reissued a “market perform” rating and set a $96.00 price target (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Galvan Research dropped their target price on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a report on Monday, June 30th. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Morgan Stanley lowered their price target on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a research report on Wednesday, July 30th. Finally, Citigroup cut their price objective on United Parcel Service from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $109.31.

United Parcel Service Stock Performance

Shares of UPS opened at $86.88 on Tuesday. The company has a 50-day simple moving average of $85.59 and a two-hundred day simple moving average of $93.34. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $73.64 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01.

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

United Parcel Service Announces Dividend

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

United Parcel Service 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.