Claro Advisors LLC Raises Stake in United Parcel Service, Inc. (NYSE:UPS)

Claro Advisors LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 53.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,909 shares of the transportation company’s stock after purchasing an additional 1,367 shares during the quarter. Claro Advisors LLC’s holdings in United Parcel Service were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Blackston Financial Advisory Group LLC boosted its holdings in United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after buying an additional 69 shares during the period. Legacy Wealth Asset Management LLC lifted its position in shares of 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 buying an additional 73 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in United Parcel Service by 0.9% during the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock valued at $1,269,000 after buying an additional 73 shares during the last quarter. MV Capital Management Inc. grew its holdings in United Parcel Service by 8.6% during the 1st quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock valued at $144,000 after buying an additional 77 shares in the last quarter. Finally, Gleason Group Inc. increased its stake in United Parcel Service by 1.2% in the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after acquiring an additional 77 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Parcel Service

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 purchased at an average price 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. This trade represents a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UPS shares. Evercore ISI cut their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. The Goldman Sachs Group decreased their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Oppenheimer reduced their price objective on 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. Finally, JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.24.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $135.93 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm 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 firm’s 50 day simple moving average is $130.21 and its 200-day simple moving average is $136.57. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82.

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 net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period last year, the firm earned $2.54 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.80%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is 94.49%.

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.