United Parcel Service, Inc. (NYSE:UPS) Position Raised by Woodmont Investment Counsel LLC
Woodmont Investment Counsel LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 8.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,333 shares of the transportation company’s stock after purchasing an additional 625 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in United Parcel Service were worth $885,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in UPS. Legacy Financial Advisors Inc. bought a new position in shares of United Parcel Service in the second quarter worth about $111,000. First PREMIER Bank bought a new position in United Parcel Service during the 2nd quarter worth approximately $109,000. Massey Quick Simon & CO. LLC raised its holdings in United Parcel Service by 2,857.1% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock worth $108,000 after purchasing an additional 1,000 shares during the last quarter. Signature Wealth Management Group bought a new position in United Parcel Service during the 2nd quarter worth approximately $118,000. Finally, Advisors Preferred LLC grew its position in shares of United Parcel Service by 845.8% during the 2nd quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock worth $121,000 after buying an additional 1,015 shares during the period. 54.01% of the stock is currently owned by institutional investors and hedge funds.
UPS traded up $0.69 during midday trading on Friday, hitting $120.39. The stock had a trading volume of 3,607,256 shares, compared to its average volume of 2,111,131. The firm has a market cap of $106.08 billion, a P/E ratio of 18.65, a P/E/G ratio of 1.84 and a beta of 1.16. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.21 and a quick ratio of 1.21. United Parcel Service, Inc. has a 1 year low of $101.45 and a 1 year high of $135.53.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Monday, August 20th were given a $0.91 dividend. The ex-dividend date was Friday, August 17th. This represents a $3.64 annualized dividend and a yield of 3.02%. United Parcel Service’s payout ratio is currently 60.57%.
Several analysts have recently commented on the stock. Goldman Sachs Group set a $150.00 price objective on shares of United Parcel Service and gave the stock a “buy” rating in a research report on Monday, September 10th. Raymond James raised shares of United Parcel Service from a “market perform” rating to a “strong-buy” rating and set a $150.00 price target for the company in a research report on Tuesday, September 4th. Stephens set a $128.00 price objective on United Parcel Service and gave the company a “hold” rating in a research note on Wednesday, July 25th. BMO Capital Markets raised their price objective on United Parcel Service to $128.00 and gave the company a “market perform” rating in a research note on Thursday, July 26th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $125.00 target price on shares of United Parcel Service in a research note on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and a consensus target price of $125.44.
In related news, SVP Kathleen M. Gutmann sold 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $119.92, for a total transaction of $203,864.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO James J. Barber sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $121.94, for a total value of $304,850.00. The disclosure for this sale can be found here. Insiders sold 8,512 shares of company stock valued at $1,031,932 in the last quarter. Corporate insiders own 0.56% of the company’s stock.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
Featured Article: Intrinsic Value and Stock Selection
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.