United Parcel Service, Inc. $UPS Shares Purchased by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 123.0% during the 2nd quarter, Holdings Channel reports. The fund owned 11,471 shares of the transportation company’s stock after acquiring an additional 6,326 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in United Parcel Service were worth $1,158,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in United Parcel Service in the second quarter valued at approximately $71,000. Asset Management One Co. Ltd. raised its holdings in United Parcel Service by 10.2% in the second quarter. Asset Management One Co. Ltd. now owns 330,738 shares of the transportation company’s stock valued at $33,385,000 after acquiring an additional 30,509 shares in the last quarter. R Squared Ltd acquired a new stake in United Parcel Service in the second quarter valued at approximately $286,000. AlTi Global Inc. acquired a new stake in United Parcel Service in the second quarter valued at approximately $208,000. Finally, 180 Wealth Advisors LLC increased its stake in United Parcel Service by 11.6% in the second quarter. 180 Wealth Advisors LLC now owns 2,582 shares of the transportation company’s stock valued at $261,000 after purchasing an additional 268 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS opened at $87.21 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm has a market cap of $73.91 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. The company’s 50 day simple moving average is $85.52 and its 200-day simple moving average is $93.17. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $140.33.

United Parcel Service (NYSE:UPS) last announced 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). 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 business’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $1.79 earnings per share. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.5%. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Analyst Ratings Changes

Several brokerages have commented on UPS. Bank of America dropped their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. Wall Street Zen lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. UBS Group dropped their price target on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Wolfe Research dropped their price target on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 1st. Finally, Susquehanna dropped their price target on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $109.31.

Insider Transactions at United Parcel Service

In other news, Director Christiana Smith Shi acquired 500 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director owned 500 shares of the company’s stock, valued at $44,085. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was purchased at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 17,182 shares of company stock worth $1,477,382. Insiders own 0.13% of the company’s stock.

United Parcel Service 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.