Kimelman & Baird LLC Invests $19.02 Million in United Parcel Service, Inc. (NYSE:UPS)

Kimelman & Baird LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 138,995 shares of the transportation company’s stock, valued at approximately $19,021,000. United Parcel Service makes up approximately 1.6% of Kimelman & Baird LLC’s investment portfolio, making the stock its 23rd biggest position.

Other institutional investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC purchased a new stake in United Parcel Service in the second quarter worth about $28,000. Security National Bank purchased a new stake in shares of United Parcel Service in the 4th quarter worth approximately $31,000. Pineridge Advisors LLC bought a new position in United Parcel Service during the 4th quarter valued at approximately $31,000. Riverview Trust Co bought a new stake in United Parcel Service in the second quarter worth $32,000. Finally, Centerpoint Advisors LLC grew its stake in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were purchased 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 approximately $663,627.60. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.7 %

Shares of UPS stock opened at $134.26 on Monday. 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 stock has a market capitalization of $115.00 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.91 and a beta of 0.99. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The stock’s 50-day moving average price is $128.75 and its 200-day moving average price is $138.36.

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

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UPS. Stifel Nicolaus decreased their target price on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Evercore ISI dropped their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, June 24th. UBS Group lowered their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Bank of America decreased their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Finally, Wells Fargo & Company reduced 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 note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company 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.