United Parcel Service, Inc. $UPS Shares Acquired by Confluence Investment Management LLC

Confluence Investment Management LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 671,771 shares of the transportation company’s stock after acquiring an additional 33,164 shares during the quarter. Confluence Investment Management LLC owned 0.08% of United Parcel Service worth $67,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in United Parcel Service during the fourth quarter worth about $28,000. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service during the first quarter worth about $26,000. Citizens National Bank Trust Department boosted its holdings in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after buying an additional 210 shares in the last quarter. Finally, Hemington Wealth Management boosted its holdings in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after buying an additional 115 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.3%

Shares of NYSE UPS opened at $84.40 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. The company has a market capitalization of $71.53 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The firm’s 50-day moving average is $91.22 and its two-hundred day moving average is $98.96.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). The business 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 firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the company earned $1.79 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is currently 97.62%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UPS. Wells Fargo & Company decreased their price objective 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. Susquehanna decreased their price objective on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, July 30th. UBS Group decreased their price objective on shares of United Parcel Service from $124.00 to $118.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective on the stock in a report on Thursday, July 3rd. Finally, Wolfe Research decreased their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $112.34.

Insider Activity

In other news, Director Christiana Smith Shi acquired 500 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director directly owned 500 shares in the company, valued at approximately $44,085. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was purchased at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 17,182 shares of company stock valued at $1,477,382 over the last 90 days. Insiders own 0.13% of the company’s stock.

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.