United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Torray Investment Partners LLC

Torray Investment Partners LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 30,298 shares of the transportation company’s stock after purchasing an additional 2,927 shares during the period. Torray Investment Partners LLC’s holdings in United Parcel Service were worth $4,146,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in United Parcel Service by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock worth $10,568,798,000 after purchasing an additional 178,394 shares during the last quarter. Wellington Management Group LLP lifted its position in United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after purchasing an additional 8,475,698 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of United Parcel Service by 11.4% during the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after buying an additional 980,317 shares during the period. Norges Bank bought a new position in shares of United Parcel Service in the fourth quarter worth $1,128,322,000. Finally, Clearbridge Investments LLC increased its stake in United Parcel Service by 6.5% during the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after buying an additional 406,248 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

UPS traded up $0.14 during trading on Friday, hitting $127.54. 3,590,415 shares of the company traded hands, compared to its average volume of 4,260,735. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The stock’s fifty day moving average is $131.59 and its 200 day moving average is $140.68. The firm has a market cap of $109.25 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

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

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.11%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was purchased 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 $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on UPS. Barclays dropped their price target on 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. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. BMO Capital Markets cut their price objective on shares of 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. Wells Fargo & Company decreased their price target on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Oppenheimer lowered their target price on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $151.20.

United Parcel Service Company 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.