D.A. Davidson & CO. Has $16.80 Million Stake in United Parcel Service, Inc. $UPS

D.A. Davidson & CO. lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,411 shares of the transportation company’s stock after purchasing an additional 2,925 shares during the quarter. D.A. Davidson & CO.’s holdings in United Parcel Service were worth $16,798,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of United Parcel Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after purchasing an additional 999,832 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock valued at $2,754,751,000 after purchasing an additional 1,780,807 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in United Parcel Service by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after acquiring an additional 4,988,044 shares in the last quarter. Northern Trust Corp raised its stake in United Parcel Service by 0.3% during the first quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock worth $815,633,000 after acquiring an additional 23,918 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in United Parcel Service by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock worth $519,059,000 after acquiring an additional 171,303 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Oppenheimer dropped their price objective on 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. Morgan Stanley dropped their price objective on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a research note on Wednesday, July 30th. Citigroup dropped their price objective on United Parcel Service from $114.00 to $112.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Galvan Research dropped their price objective on United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, June 30th. Finally, BNP Paribas upgraded United Parcel Service to a “hold” rating in a research note on Thursday, July 3rd. 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 given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $109.31.

Insider Activity at United Parcel Service

In other news, Director Christiana Smith Shi purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carol B. Tome purchased 11,682 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the acquisition, the chief executive officer owned 24,718 shares of the company’s stock, valued at $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock worth $1,477,382 over the last 90 days. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $86.93 on Thursday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The firm has a market cap of $73.68 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.63 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The business has a fifty day moving average of $85.58 and a 200-day moving average of $93.26.

United Parcel Service (NYSE:UPS) last announced 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). The business had revenue of $21.20 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.79 earnings per share. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal 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 issued a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.5%. 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.