Waters Parkerson & CO. LLC Has $19.49 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Waters Parkerson & CO. LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,412 shares of the transportation company’s stock after purchasing an additional 772 shares during the quarter. Waters Parkerson & CO. LLC’s holdings in United Parcel Service were worth $19,489,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Pineridge Advisors LLC bought a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $31,000. Security National Bank bought a new stake in shares of United Parcel Service during the 4th quarter valued at $31,000. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth $28,000. Stephens Consulting LLC increased its position in shares of United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares during the period. Finally, Riverview Trust Co acquired a new position in United Parcel Service in the second quarter valued at about $32,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 1.1 %

NYSE:UPS opened at $132.11 on Friday. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $113.16 billion, a PE ratio of 19.15, a P/E/G ratio of 1.90 and a beta of 0.99. The firm’s 50 day simple moving average is $130.45 and its 200 day simple moving average is $139.50.

United Parcel Service (NYSE:UPS) last issued its quarterly 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). 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%. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.54 EPS. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.94%. United Parcel Service’s payout ratio is 94.49%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was purchased 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 in the company, valued at approximately $663,627.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays reduced their price objective on shares of 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. Stephens reduced their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets reduced their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Finally, Susquehanna lowered their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.