Perfromance Wealth Partners LLC Acquires 299 Shares of United Parcel Service, Inc. (NYSE:UPS)

Perfromance Wealth Partners LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPSGet Rating) by 15.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,190 shares of the transportation company’s stock after acquiring an additional 299 shares during the period. Perfromance Wealth Partners LLC’s holdings in United Parcel Service were worth $400,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Gabelli Funds LLC lifted its position in shares of United Parcel Service by 0.5% in the fourth quarter. Gabelli Funds LLC now owns 11,100 shares of the transportation company’s stock worth $2,379,000 after buying an additional 50 shares during the last quarter. Harbour Investment Management LLC lifted its holdings in United Parcel Service by 0.3% in the 4th quarter. Harbour Investment Management LLC now owns 16,039 shares of the transportation company’s stock worth $3,438,000 after purchasing an additional 50 shares during the last quarter. German American Bancorp Inc. boosted its position in United Parcel Service by 4.2% during the fourth quarter. German American Bancorp Inc. now owns 1,262 shares of the transportation company’s stock worth $270,000 after purchasing an additional 51 shares during the period. Grove Bank & Trust grew its holdings in United Parcel Service by 1.4% during the first quarter. Grove Bank & Trust now owns 3,836 shares of the transportation company’s stock valued at $823,000 after purchasing an additional 53 shares during the last quarter. Finally, Asset Dedication LLC raised its position in shares of United Parcel Service by 5.3% in the first quarter. Asset Dedication LLC now owns 1,069 shares of the transportation company’s stock valued at $229,000 after purchasing an additional 54 shares during the period. 59.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UPS. Daiwa Capital Markets raised their price objective on United Parcel Service to $207.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Berenberg Bank set a $200.00 price target on United Parcel Service in a report on Wednesday, July 27th. Raymond James decreased their price objective on United Parcel Service from $250.00 to $225.00 in a report on Friday, July 15th. Wells Fargo & Company reduced their price objective on United Parcel Service from $270.00 to $223.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. Finally, Citigroup cut their price target on shares of United Parcel Service from $240.00 to $210.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $215.11.

Insider Activity

In related news, insider Kathleen M. Gutmann sold 21,307 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $204.51, for a total transaction of $4,357,494.57. Following the completion of the sale, the insider now directly owns 102,591 shares in the company, valued at $20,980,885.41. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other United Parcel Service news, CMO Kevin M. Warren sold 23,366 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total value of $4,516,881.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathleen M. Gutmann sold 21,307 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $204.51, for a total transaction of $4,357,494.57. Following the transaction, the insider now owns 102,591 shares in the company, valued at approximately $20,980,885.41. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Down 2.1 %

NYSE:UPS traded down $3.54 during midday trading on Friday, hitting $164.32. 227,278 shares of the company were exchanged, compared to its average volume of 2,977,695. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $142.74 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.07. United Parcel Service, Inc. has a fifty-two week low of $165.34 and a fifty-two week high of $233.72. The company has a fifty day simple moving average of $193.65 and a 200 day simple moving average of $190.55.

United Parcel Service (NYSE:UPSGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The transportation company reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.15. United Parcel Service had a net margin of 10.92% and a return on equity of 76.43%. The business had revenue of $24.80 billion during the quarter, compared to analyst estimates of $24.59 billion. During the same period last year, the business earned $3.06 EPS. The business’s revenue was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 12.85 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were paid a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, August 12th. United Parcel Service’s dividend payout ratio (DPR) is currently 48.84%.

About United Parcel Service

(Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. 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 Stories

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPSGet Rating).

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

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.