Sanctuary Advisors LLC Acquires Shares of 137,601 United Parcel Service, Inc. (NYSE:UPS)

Sanctuary Advisors LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 137,601 shares of the transportation company’s stock, valued at approximately $20,309,000.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. Cullen Investment Group LTD. boosted its holdings in United Parcel Service by 0.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after purchasing an additional 68 shares in the last quarter. Blackston Financial Advisory Group LLC boosted its stake in shares of United Parcel Service by 1.4% in the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after buying an additional 69 shares in the last quarter. Versant Capital Management Inc grew its holdings in United Parcel Service by 2.2% during the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock worth $477,000 after acquiring an additional 70 shares during the period. Moody National Bank Trust Division grew its holdings in United Parcel Service by 0.8% during the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after acquiring an additional 71 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its position in United Parcel Service by 2.1% in the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity

In other news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

UPS stock opened at $133.02 on Thursday. The stock has a market capitalization of $113.81 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The stock’s fifty day simple moving average is $128.78 and its 200-day simple moving average is $138.06.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.54 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.90%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UPS. Oppenheimer lowered their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Bank of America dropped their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Barclays decreased their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI dropped their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. Finally, Robert W. Baird reduced their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $149.68.

United Parcel Service 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.