United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Morse Asset Management Inc

Morse Asset Management Inc lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,835 shares of the transportation company’s stock after purchasing an additional 1,000 shares during the quarter. Morse Asset Management Inc’s holdings in United Parcel Service were worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in UPS. RPG Investment Advisory LLC grew its holdings in United Parcel Service by 277.1% in the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after buying an additional 194 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in United Parcel Service by 65.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock worth $31,000 after buying an additional 117 shares in the last quarter. Financial Gravity Wealth Inc. bought a new position in United Parcel Service in the 1st quarter worth approximately $32,000. First National Corp MA ADV bought a new position in United Parcel Service in the 1st quarter worth approximately $38,000. Finally, Whitener Capital Management Inc. grew its holdings in United Parcel Service by 75.0% in the 1st quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock worth $39,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 55.50% of the company’s stock.

UPS has been the subject of a number of research reports. Cowen reaffirmed a “market perform” rating and set a $116.00 price target (down from $118.00) on shares of United Parcel Service in a research note on Friday, April 26th. Loop Capital increased their price target on United Parcel Service to $140.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Deutsche Bank reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. UBS Group increased their price target on United Parcel Service to $128.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $118.82.

Shares of UPS traded up $1.12 during mid-day trading on Tuesday, reaching $116.01. The company’s stock had a trading volume of 197,781 shares, compared to its average volume of 4,398,745. The company has a fifty day moving average price of $108.73. The company has a market cap of $99.39 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23. United Parcel Service, Inc. has a 1 year low of $89.89 and a 1 year high of $125.09. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.09 and a current ratio of 1.09.

United Parcel Service (NYSE:UPS) last released its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. The company had revenue of $18.05 billion during the quarter, compared to analyst estimates of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 earnings per share. Sell-side analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th will be issued a $0.96 dividend. The ex-dividend date is Friday, August 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.31%. United Parcel Service’s payout ratio is currently 53.04%.

United Parcel Service 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.

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

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