Bogart Wealth LLC Increases Position in United Parcel Service, Inc. $UPS

Bogart Wealth LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 96.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 785 shares of the transportation company’s stock after purchasing an additional 386 shares during the quarter. Bogart Wealth LLC’s holdings in United Parcel Service were worth $79,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of United Parcel Service by 12.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 166,943 shares of the transportation company’s stock valued at $18,362,000 after purchasing an additional 18,692 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in shares of United Parcel Service by 61.0% in the first quarter. Flagship Harbor Advisors LLC now owns 4,566 shares of the transportation company’s stock valued at $502,000 after purchasing an additional 1,730 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of United Parcel Service by 8.9% in the first quarter. Oppenheimer & Co. Inc. now owns 62,263 shares of the transportation company’s stock valued at $6,848,000 after purchasing an additional 5,097 shares during the period. Finally, Narwhal Capital Management purchased a new stake in shares of United Parcel Service in the first quarter valued at approximately $533,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on UPS. JPMorgan Chase & Co. lowered their price target on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Susquehanna lowered their price target on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Wells Fargo & Company lowered their price target on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday, July 30th. Oppenheimer lowered their price target on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. Finally, Galvan Research lowered their price target on United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a report on Monday, June 30th. One equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $109.31.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $88.07 on Wednesday. The company has a market capitalization of $74.64 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm has a 50 day moving average of $85.61 and a 200 day moving average of $93.30.

United Parcel Service (NYSE:UPS) last issued 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 business 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 business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.79 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.4%. United Parcel Service’s dividend payout ratio is presently 97.62%.

Insider Transactions at United Parcel Service

In other United Parcel Service 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 cost 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 in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christiana Smith Shi purchased 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the transaction, the director owned 500 shares of the company’s stock, valued at approximately $44,085. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 17,182 shares of company stock valued at $1,477,382. Corporate insiders own 0.13% of the company’s stock.

About United Parcel Service

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.