Aaron Wealth Advisors LLC Invests $281,000 in United Parcel Service, Inc. (NYSE:UPS)

Aaron Wealth Advisors LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,061 shares of the transportation company’s stock, valued at approximately $281,000.

A number of other institutional investors have also recently added to or reduced their stakes in UPS. Clearbridge Investments LLC lifted its position in shares of United Parcel Service by 6.5% during the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after acquiring an additional 406,248 shares during the period. Bank of New York Mellon Corp raised its holdings in United Parcel Service by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after purchasing an additional 20,426 shares during the last quarter. American Century Companies Inc. boosted its position in United Parcel Service by 10.5% during the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after purchasing an additional 393,434 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in United Parcel Service by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock valued at $611,445,000 after purchasing an additional 101,349 shares during the last quarter. Finally, Capital World Investors increased its position in shares of United Parcel Service by 9.6% in the first quarter. Capital World Investors now owns 3,011,299 shares of the transportation company’s stock valued at $447,569,000 after buying an additional 263,313 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares in the company, valued at $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

United Parcel Service Price Performance

UPS stock opened at $135.93 on Friday. The stock has a 50-day moving average price of $130.21 and a two-hundred day moving average price of $136.57. The company has a market cap of $116.30 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.98 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, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the company posted $2.54 EPS. As a group, research analysts predict 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. Investors 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 annualized dividend and a yield of 4.80%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UPS. Oppenheimer decreased their price objective on shares of 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. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Citigroup began coverage on United Parcel Service in a research report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective for the company. Stephens lowered their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, Stifel Nicolaus cut their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.24.

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.