Brookstone Capital Management Has $13.27 Million Stock Holdings in United Parcel Service, Inc. $UPS

Brookstone Capital Management raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 131,416 shares of the transportation company’s stock after buying an additional 11,948 shares during the period. Brookstone Capital Management’s holdings in United Parcel Service were worth $13,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in UPS. Brighton Jones LLC lifted its holdings in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in United Parcel Service by 61.0% during the 1st quarter. Flagship Harbor Advisors LLC now owns 4,566 shares of the transportation company’s stock valued at $502,000 after purchasing an additional 1,730 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in United Parcel Service by 6.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 300,229 shares of the transportation company’s stock valued at $33,022,000 after purchasing an additional 18,670 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in United Parcel Service by 3.0% during the 1st quarter. GHP Investment Advisors Inc. now owns 19,024 shares of the transportation company’s stock valued at $2,092,000 after purchasing an additional 563 shares during the last quarter. Finally, Silver Lake Advisory LLC acquired a new stake in United Parcel Service during the 1st quarter valued at $220,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stifel Nicolaus lowered their price objective on United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. BMO Capital Markets reiterated a “market perform” rating and set a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Wolfe Research lowered their price objective on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 1st. Susquehanna lowered their price objective on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 30th. Finally, Oppenheimer lowered their price objective on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $109.31.

United Parcel Service Stock Down 1.3%

Shares of NYSE UPS opened at $86.93 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The stock has a market capitalization of $73.68 billion, a P/E ratio of 12.94, a PEG ratio of 1.63 and a beta of 1.10. The stock’s fifty day moving average is $85.58 and its 200 day moving average is $93.26.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the business posted $1.79 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.5%. United Parcel Service’s dividend payout ratio (DPR) is presently 97.62%.

Insider Activity at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This represents a 89.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares of the company’s stock, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 17,182 shares of company stock valued at $1,477,382 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

About United Parcel Service

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.