Naples Global Advisors LLC Has $4.76 Million Stake in United Parcel Service, Inc. $UPS

Naples Global Advisors LLC decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 47,168 shares of the transportation company’s stock after selling 2,724 shares during the period. Naples Global Advisors LLC’s holdings in United Parcel Service were worth $4,761,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Graybill Wealth Management LTD. bought a new position in United Parcel Service in the 1st quarter valued at about $26,000. Citizens National Bank Trust Department increased its holdings in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after buying an additional 210 shares during the period. Hemington Wealth Management increased its holdings in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after buying an additional 115 shares during the period. Saudi Central Bank bought a new position in United Parcel Service in the 1st quarter valued at about $32,000. Finally, Flaharty Asset Management LLC bought a new position in United Parcel Service in the 1st quarter valued at about $33,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on UPS shares. Evercore ISI decreased their target price on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a report on Wednesday, July 30th. Citigroup decreased their target price on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Wells Fargo & Company decreased their target price on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 30th. Wall Street Zen lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. Finally, Galvan Research decreased their price target on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target of $111.38.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the business’s stock in a transaction that occurred on 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 owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,182 shares of company stock worth $1,477,382 in the last ninety days. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 1.0%

NYSE:UPS opened at $84.35 on Thursday. The firm’s 50 day simple moving average is $86.88 and its 200 day simple moving average is $95.92. 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, Inc. has a one year low of $82.00 and a one year high of $145.01. The company has a market cap of $71.49 billion, a PE ratio of 12.55, a P/E/G ratio of 1.54 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate 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 business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter in the prior year, the business earned $1.79 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.8%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

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.