United Parcel Service, Inc. $UPS Shares Bought by Roxbury Financial LLC

Roxbury Financial LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 158.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,340 shares of the transportation company’s stock after acquiring an additional 2,658 shares during the quarter. Roxbury Financial LLC’s holdings in United Parcel Service were worth $438,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service during the first quarter worth $26,000. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service during the fourth quarter worth $27,000. Citizens National Bank Trust Department boosted its position in shares of 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 during the period. Fourth Dimension Wealth LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth $28,000. Finally, Hemington Wealth Management boosted its position in shares of 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 during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.3%

NYSE:UPS opened at $84.40 on Friday. The firm has a market cap 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 stock has a fifty day moving average price of $91.22 and a 200 day moving average price of $98.84. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

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 analysts’ consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.79 earnings per share. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is 97.62%.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was bought at an average cost of $86.50 per share, with a total value of $432,500.00. Following the acquisition, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. This represents a 96.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Carol B. Tome purchased 11,682 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 17,182 shares of company stock valued at $1,477,382 in the last ninety days. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on UPS. Stifel Nicolaus lowered their price target on United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Wolfe Research lowered their price target on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, July 1st. Morgan Stanley lowered their price target on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a research report on Wednesday, July 30th. BNP Paribas upgraded United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. Finally, Wells Fargo & Company decreased their target price on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $112.34.

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.