Sage Capital Advisors llc Raises Position in United Parcel Service, Inc. $UPS

Sage Capital Advisors llc grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,564 shares of the transportation company’s stock after purchasing an additional 1,406 shares during the quarter. United Parcel Service makes up about 1.8% of Sage Capital Advisors llc’s investment portfolio, making the stock its 13th biggest position. Sage Capital Advisors llc’s holdings in United Parcel Service were worth $7,426,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service during the 4th quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth $28,000. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service during the 1st quarter worth $26,000. Citizens National Bank Trust Department lifted its stake in shares of 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 worth $27,000 after purchasing an additional 210 shares during the period. Finally, Hemington Wealth Management lifted its stake in shares of United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. The trade was a 96.90% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christiana Smith Shi purchased 500 shares of the company’s stock in a transaction on 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 purchase, the director directly owned 500 shares of the company’s stock, valued at $44,085. This trade represents a ∞ increase in their position. 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 quarter. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on UPS shares. UBS Group dropped their price objective on United Parcel Service from $124.00 to $118.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Stifel Nicolaus dropped their price objective on United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. BNP Paribas upgraded United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. Bank of America restated an “underperform” rating and set a $83.00 price objective (down from $91.00) on shares of United Parcel Service in a report on Thursday. Finally, Oppenheimer dropped their price objective on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $112.34.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $84.40 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm’s 50-day moving average price is $91.22 and its two-hundred day moving average price is $98.96. 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 $71.53 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.56 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (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 business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the prior year, the business earned $1.79 EPS. The business’s revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts forecast 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. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

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.