Investment Planning Advisors Inc. Purchases Shares of 2,150 United Parcel Service, Inc. $UPS

Investment Planning Advisors Inc. purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 2nd quarter, HoldingsChannel reports. The firm purchased 2,150 shares of the transportation company’s stock, valued at approximately $217,000.

Other large investors have also added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service during the 1st quarter valued at about $26,000. Citizens National Bank Trust Department grew its stake in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares during the last quarter. Hemington Wealth Management grew its stake in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of United Parcel Service in the first quarter worth about $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of United Parcel Service in the first quarter worth about $33,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity

In other news, CEO Carol B. Tome bought 11,682 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. The trade was 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 Christiana Smith Shi bought 500 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was purchased at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director owned 500 shares of the company’s stock, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock worth $1,477,382 over the last quarter. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Performance

NYSE UPS opened at $85.65 on Friday. The company has a market cap of $72.60 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The stock’s 50 day simple moving average is $86.54 and its 200-day simple moving average is $95.70. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.79 EPS. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 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 4th. Stockholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 7.7%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Analyst Ratings Changes

UPS has been the topic of a number of recent research reports. UBS Group lowered their target price on United Parcel Service from $124.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 8th. BMO Capital Markets restated a “market perform” rating and issued a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Citigroup lowered their target price on United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Finally, Wall Street Zen downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $110.41.

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.