Ethic Inc. Has $3.35 Million Position in United Parcel Service, Inc. $UPS

Ethic Inc. grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 20.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,118 shares of the transportation company’s stock after acquiring an additional 5,583 shares during the period. Ethic Inc.’s holdings in United Parcel Service were worth $3,351,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of UPS. Brighton Jones LLC grew its holdings in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after acquiring an additional 4,723 shares during the period. Flagship Harbor Advisors LLC grew its stake in shares of United Parcel Service by 61.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 4,566 shares of the transportation company’s stock valued at $502,000 after buying an additional 1,730 shares during the period. Global Assets Advisory LLC grew its stake in shares of United Parcel Service by 61.2% in the 1st quarter. Global Assets Advisory LLC now owns 4,884 shares of the transportation company’s stock valued at $490,000 after buying an additional 1,855 shares during the period. Spire Wealth Management grew its stake in shares of United Parcel Service by 194.5% in the 1st quarter. Spire Wealth Management now owns 32,604 shares of the transportation company’s stock valued at $3,586,000 after buying an additional 21,533 shares during the period. Finally, Golden State Wealth Management LLC grew its stake in shares of United Parcel Service by 248.3% in the 1st quarter. Golden State Wealth Management LLC now owns 3,403 shares of the transportation company’s stock valued at $374,000 after buying an additional 2,426 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Carol B. Tome bought 11,682 shares of the company’s stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director owned 500 shares in the company, valued at approximately $44,085. This represents a ∞ 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 valued at $1,477,382 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $87.07 on Friday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The stock has a market cap of $73.80 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.61 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 firm’s 50-day simple moving average is $85.55 and its 200 day simple moving average is $93.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the previous year, the business posted $1.79 EPS. United Parcel Service’s revenue was down 2.7% compared to the same quarter last year. As a group, 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 company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.5%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

Analyst Ratings Changes

Several analysts have recently commented on UPS shares. Wells Fargo & Company reduced their target price on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. BMO Capital Markets restated a “market perform” rating and issued a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Thursday, July 3rd. Finally, UBS Group dropped their price target on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $109.31.

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.