Brighton Jones LLC Increases Position in United Parcel Service, Inc. (NYSE:UPS)

Brighton Jones LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 12,468 shares of the transportation company’s stock after buying an additional 995 shares during the period. Brighton Jones LLC’s holdings in United Parcel Service were worth $1,706,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. ProVise Management Group LLC lifted its stake in shares of United Parcel Service by 4.1% during the second quarter. ProVise Management Group LLC now owns 19,695 shares of the transportation company’s stock valued at $2,695,000 after buying an additional 783 shares during the period. MQS Management LLC raised its stake in United Parcel Service by 35.0% during the second quarter. MQS Management LLC now owns 5,199 shares of the transportation company’s stock worth $711,000 after purchasing an additional 1,348 shares during the period. Palouse Capital Management Inc. raised its stake in United Parcel Service by 37.1% during the second quarter. Palouse Capital Management Inc. now owns 18,319 shares of the transportation company’s stock worth $2,507,000 after purchasing an additional 4,955 shares during the period. Garner Asset Management Corp raised its stake in United Parcel Service by 28.1% during the second quarter. Garner Asset Management Corp now owns 12,452 shares of the transportation company’s stock worth $1,704,000 after purchasing an additional 2,734 shares during the period. Finally, Miramar Capital LLC raised its stake in United Parcel Service by 8.6% during the second quarter. Miramar Capital LLC now owns 94,176 shares of the transportation company’s stock worth $12,888,000 after purchasing an additional 7,449 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS opened at $128.63 on Friday. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market cap of $110.18 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 1.90 and a beta of 0.99. The company has a fifty day simple moving average of $130.18 and a 200 day simple moving average of $139.35.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS 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 company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter last year, the company earned $2.54 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. Equities research analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 5.07%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group cut their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird cut their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI cut their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. Finally, Wells Fargo & Company dropped their price objective on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.