Homrich & Berg lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,048 shares of the transportation company’s stock after acquiring an additional 2,018 shares during the period. Homrich & Berg’s holdings in United Parcel Service were worth $2,070,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC grew its position in United Parcel Service by 65.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after buying an additional 117 shares in the last quarter. Financial Gravity Wealth Inc. bought a new position in United Parcel Service in the 1st quarter valued at about $32,000. First National Corp MA ADV bought a new position in United Parcel Service in the 1st quarter valued at about $38,000. Kavar Capital Partners LLC bought a new position in United Parcel Service in the 2nd quarter valued at about $38,000. Finally, Whitener Capital Management Inc. grew its position in United Parcel Service by 75.0% in the 1st quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock valued at $39,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 54.91% of the company’s stock.
Shares of NYSE:UPS traded up $0.91 during trading hours on Wednesday, hitting $115.95. 58,838 shares of the company’s stock traded hands, compared to its average volume of 4,421,179. United Parcel Service, Inc. has a 52 week low of $89.89 and a 52 week high of $125.09. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.09 and a current ratio of 1.09. The company’s fifty day simple moving average is $110.96 and its two-hundred day simple moving average is $107.31. The company has a market cap of $99.01 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.31%. United Parcel Service’s dividend payout ratio (DPR) is 53.04%.
A number of equities analysts recently issued reports on UPS shares. Raymond James increased their target price on shares of United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Credit Suisse Group set a $119.00 target price on shares of United Parcel Service and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Deutsche Bank reiterated a “hold” rating on shares of United Parcel Service in a research report on Tuesday, July 2nd. Goldman Sachs Group started coverage on shares of United Parcel Service in a research report on Wednesday, July 10th. They issued a “buy” rating and a $123.00 target price for the company. Finally, Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service has an average rating of “Hold” and a consensus target price of $118.82.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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