Abich Financial Wealth Management LLC Grows Position in United Parcel Service, Inc. (NYSE:UPS)

Abich Financial Wealth Management LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 36.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,364 shares of the transportation company’s stock after purchasing an additional 364 shares during the period. Abich Financial Wealth Management LLC’s holdings in United Parcel Service were worth $187,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in UPS. Pineridge Advisors LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $31,000. Security National Bank acquired a new stake in shares of United Parcel Service in the fourth quarter worth $31,000. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service in the 2nd quarter valued at $28,000. Stephens Consulting LLC lifted its holdings in shares of United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Finally, Riverview Trust Co purchased a new stake in United Parcel Service during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the topic of several research reports. Oppenheimer cut their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. UBS Group decreased their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. TD Cowen began coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. Finally, Wells Fargo & Company lowered their price target on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $149.68.

United Parcel Service Stock Performance

UPS stock opened at $129.54 on Wednesday. The stock’s 50 day simple moving average is $129.51 and its 200 day simple moving average is $138.84. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The firm has a market cap of $110.96 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.89 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share 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 business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period last year, the company posted $2.54 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.03%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.