Wedmont Private Capital Purchases 595 Shares of United Parcel Service, Inc. (NYSE:UPS)

Wedmont Private Capital grew its position in United Parcel Service, Inc. (NYSE:UPSGet Rating) by 20.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,453 shares of the transportation company’s stock after purchasing an additional 595 shares during the quarter. Wedmont Private Capital’s holdings in United Parcel Service were worth $630,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mutual Advisors LLC boosted its stake in shares of United Parcel Service by 2.0% in the 1st quarter. Mutual Advisors LLC now owns 9,262 shares of the transportation company’s stock valued at $1,986,000 after purchasing an additional 186 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of United Parcel Service by 16.2% during the 1st quarter. Ritholtz Wealth Management now owns 4,211 shares of the transportation company’s stock valued at $903,000 after acquiring an additional 588 shares during the period. MBL Wealth LLC acquired a new position in shares of United Parcel Service during the 1st quarter valued at $349,000. Guardian Capital Advisors LP lifted its position in shares of United Parcel Service by 2.6% during the 1st quarter. Guardian Capital Advisors LP now owns 7,475 shares of the transportation company’s stock valued at $1,404,000 after acquiring an additional 189 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of United Parcel Service by 94.9% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,212 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 590 shares during the period. 59.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of a number of research reports. Barclays dropped their target price on shares of United Parcel Service from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 27th. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $239.00 to $215.00 and set a “buy” rating on the stock in a report on Tuesday, June 7th. Stephens lowered their price objective on shares of United Parcel Service to $210.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Evercore ISI restated an “outperform” rating and set a $227.00 price objective (down previously from $255.00) on shares of United Parcel Service in a report on Tuesday, July 12th. Finally, Raymond James lowered their price objective on shares of United Parcel Service from $250.00 to $225.00 in a report on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $215.82.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $176.71 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $153.50 billion, a PE ratio of 14.19, a P/E/G ratio of 1.55 and a beta of 1.07. United Parcel Service, Inc. has a twelve month low of $165.34 and a twelve month high of $233.72. The company has a 50-day moving average price of $194.11 and a two-hundred day moving average price of $191.36.

United Parcel Service (NYSE:UPSGet Rating) last issued its earnings results on Tuesday, July 26th. The transportation company reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.15. The firm had revenue of $24.80 billion during the quarter, compared to analyst estimates of $24.59 billion. United Parcel Service had a net margin of 10.92% and a return on equity of 76.43%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $3.06 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 12.85 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were given a $1.52 dividend. The ex-dividend date was Friday, August 12th. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.44%. United Parcel Service’s dividend payout ratio (DPR) is currently 48.84%.

Insider Activity

In other news, insider Kathleen M. Gutmann sold 21,307 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total value of $4,357,494.57. Following the completion of the transaction, the insider now directly owns 102,591 shares in the company, valued at $20,980,885.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Kevin M. Warren sold 23,366 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total value of $4,516,881.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathleen M. Gutmann sold 21,307 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total transaction of $4,357,494.57. Following the completion of the sale, the insider now directly owns 102,591 shares in the company, valued at $20,980,885.41. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

About United Parcel Service

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United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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