Centerpoint Advisors LLC Increases Stock Position in United Parcel Service, Inc. $UPS

Centerpoint Advisors LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 127.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 414 shares of the transportation company’s stock after purchasing an additional 232 shares during the period. Centerpoint Advisors LLC’s holdings in United Parcel Service were worth $42,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in United Parcel Service by 6.2% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 86,986 shares of the transportation company’s stock worth $8,780,000 after purchasing an additional 5,040 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in United Parcel Service by 21.8% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 28,141 shares of the transportation company’s stock worth $2,841,000 after purchasing an additional 5,033 shares during the last quarter. Advisory Alpha LLC grew its position in United Parcel Service by 6.6% during the 2nd quarter. Advisory Alpha LLC now owns 36,382 shares of the transportation company’s stock worth $3,672,000 after purchasing an additional 2,238 shares during the last quarter. SYM FINANCIAL Corp grew its position in United Parcel Service by 50.1% during the 2nd quarter. SYM FINANCIAL Corp now owns 3,302 shares of the transportation company’s stock worth $333,000 after purchasing an additional 1,102 shares during the last quarter. Finally, AustralianSuper Pty Ltd purchased a new position in United Parcel Service during the 2nd quarter worth $7,850,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 2.2%

UPS stock opened at $89.12 on Tuesday. The company has a market cap of $75.53 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.62 and a beta of 1.10. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $138.67. The company’s 50-day moving average price is $85.58 and its 200 day moving average price is $93.06. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.79 EPS. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm 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 was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.4%. United Parcel Service’s payout ratio is presently 97.62%.

Analysts Set New Price Targets

Several research analysts have issued reports on UPS shares. Oppenheimer lowered their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. UBS Group lowered their target price on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Wolfe Research lowered their target price 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. Finally, Galvan Research lowered their target price on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, June 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $109.31.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares in the company, valued at approximately $878,840. The trade was a 96.90% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were acquired at an average price of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director owned 500 shares of the company’s stock, valued at $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 17,182 shares of company stock worth $1,477,382. Insiders own 0.13% of the company’s stock.

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.