San Luis Wealth Advisors LLC Acquires 26,516 Shares of United Parcel Service, Inc. $UPS

San Luis Wealth Advisors LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 487.1% during the second quarter, HoldingsChannel reports. The fund owned 31,960 shares of the transportation company’s stock after acquiring an additional 26,516 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in United Parcel Service were worth $3,187,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service during the first quarter worth approximately $26,000. Citizens National Bank Trust Department lifted its position in shares of United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after acquiring an additional 210 shares during the period. Hemington Wealth Management grew its stake in United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 115 shares during the period. Saudi Central Bank bought a new stake in United Parcel Service in the first quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC bought a new position in shares of United Parcel Service in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on UPS. UBS Group lowered their target price on shares of United Parcel Service from $124.00 to $118.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Wolfe Research dropped their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 1st. Barclays reduced their price objective on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a research report on Thursday, July 31st. BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective for the company in a research report on Thursday, July 3rd. Finally, Stifel Nicolaus lowered their target price on United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $111.38.

Insider Activity

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

United Parcel Service Price Performance

NYSE:UPS opened at $83.74 on Friday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The company has a fifty day moving average price of $87.90 and a 200 day moving average price of $96.45. 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 stock has a market cap of $70.98 billion, a P/E ratio of 12.46, a PEG ratio of 1.54 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last posted its quarterly 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 for 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 business’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $1.79 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio 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.