D.A. Davidson & CO. Acquires 626 Shares of United Parcel Service, Inc. (NYSE:UPS)

D.A. Davidson & CO. boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 204,035 shares of the transportation company’s stock after purchasing an additional 626 shares during the period. D.A. Davidson & CO.’s holdings in United Parcel Service were worth $27,922,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Northwest Financial Advisors purchased a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Pineridge Advisors LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth $31,000. Security National Bank purchased a new stake in shares of United Parcel Service during the fourth quarter worth $31,000. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service during the second quarter worth $28,000. Finally, Stephens Consulting LLC lifted its position in shares of United Parcel Service by 869.6% during the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 1.2 %

Shares of NYSE:UPS traded up $1.57 on Friday, reaching $128.55. 4,116,068 shares of the company traded hands, compared to its average volume of 4,057,569. The business’s 50-day simple moving average is $132.47 and its 200 day simple moving average is $141.30. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $172.75. The stock has a market capitalization of $110.11 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.54 earnings per share. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.07%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction on Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UPS. Stifel Nicolaus dropped their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. BMO Capital Markets dropped their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. TD Cowen began coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target on the stock. Barclays decreased their price target on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, Stephens decreased their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.20.

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.