United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Menard Financial Group LLC

Menard Financial Group LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,096 shares of the transportation company’s stock after purchasing an additional 55 shares during the quarter. Menard Financial Group LLC’s holdings in United Parcel Service were worth $644,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in UPS. Tobam boosted its position in United Parcel Service by 28.9% during the 2nd quarter. Tobam now owns 74,922 shares of the transportation company’s stock worth $15,582,000 after acquiring an additional 16,778 shares during the period. Acadian Asset Management LLC boosted its position in United Parcel Service by 238.7% during the 1st quarter. Acadian Asset Management LLC now owns 172,386 shares of the transportation company’s stock worth $29,304,000 after acquiring an additional 121,487 shares during the period. Clark Capital Management Group Inc. boosted its position in United Parcel Service by 603.7% during the 2nd quarter. Clark Capital Management Group Inc. now owns 21,584 shares of the transportation company’s stock worth $4,489,000 after acquiring an additional 18,517 shares during the period. Congress Asset Management Co. MA boosted its position in United Parcel Service by 4.7% during the 2nd quarter. Congress Asset Management Co. MA now owns 53,590 shares of the transportation company’s stock worth $11,145,000 after acquiring an additional 2,426 shares during the period. Finally, National Asset Management Inc. boosted its position in United Parcel Service by 12.3% during the 2nd quarter. National Asset Management Inc. now owns 32,858 shares of the transportation company’s stock worth $6,777,000 after acquiring an additional 3,611 shares during the period. Institutional investors and hedge funds own 56.98% of the company’s stock.

A number of brokerages have issued reports on UPS. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $217.00 price target for the company. in a research report on Tuesday, June 29th. boosted their price objective on United Parcel Service from $220.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 1st. Barclays boosted their price objective on United Parcel Service from $205.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 8th. JPMorgan Chase & Co. set a $192.23 price objective on United Parcel Service in a research note on Tuesday, July 27th. Finally, Stifel Nicolaus began coverage on United Parcel Service in a research note on Monday, June 21st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Buy” and an average target price of $205.75.

NYSE:UPS traded down $4.52 during mid-day trading on Wednesday, hitting $185.21. 95,010 shares of the company’s stock traded hands, compared to its average volume of 3,332,615. The firm has a 50 day moving average of $196.64 and a two-hundred day moving average of $194.95. United Parcel Service, Inc. has a 12 month low of $154.76 and a 12 month high of $219.59. The firm has a market capitalization of $161.33 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.94.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 27th. The transportation company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.25. United Parcel Service had a return on equity of 155.54% and a net margin of 6.66%. The firm had revenue of $23.42 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter in the prior year, the company earned $2.13 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, equities research analysts expect that United Parcel Service, Inc. will post 11.16 earnings per share for the current year.

United Parcel Service announced that its Board of Directors has authorized a stock repurchase plan on Thursday, August 5th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the transportation company to reacquire up to 3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 9th. Investors of record on Monday, August 23rd were paid a dividend of $1.02 per share. The ex-dividend date was Friday, August 20th. This represents a $4.08 annualized dividend and a yield of 2.20%. United Parcel Service’s payout ratio is 49.57%.

United Parcel Service Profile

United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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