AE Wealth Management LLC Increases Stake in United Parcel Service, Inc. (NYSE:UPS)

AE Wealth Management LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 67.1% in the second quarter, HoldingsChannel reports. The fund owned 28,738 shares of the transportation company’s stock after purchasing an additional 11,537 shares during the period. AE Wealth Management LLC’s holdings in United Parcel Service were worth $3,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after buying an additional 8,475,698 shares in the last quarter. First Trust Advisors LP grew its position in shares of United Parcel Service by 208.1% during the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after acquiring an additional 1,160,005 shares during the period. Spirepoint Private Client LLC purchased a new position in shares of United Parcel Service in the 1st quarter valued at about $160,787,000. Confluence Investment Management LLC acquired a new position in United Parcel Service in the 1st quarter worth about $100,176,000. Finally, Interval Partners LP purchased a new position in United Parcel Service during the first quarter worth approximately $90,099,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Down 2.7 %

NYSE UPS opened at $128.60 on Monday. The business’s fifty day simple moving average is $130.18 and its 200-day simple moving average is $139.18. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market cap of $110.02 billion, a PE ratio of 18.64, a P/E/G ratio of 1.90 and a beta of 0.99. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the firm earned $2.54 earnings per share. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 5.07%. United Parcel Service’s payout ratio is 94.49%.

Analyst Ratings Changes

Several brokerages have recently weighed in on UPS. UBS Group reduced their target price on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Oppenheimer reduced their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. TD Cowen began coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price on the stock. Evercore ISI reduced their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. Finally, Barclays lowered their price objective on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $149.68.

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.