Y.D. More Investments Ltd Acquires 573 Shares of United Parcel Service, Inc. (NYSE:UPS)

Y.D. More Investments Ltd raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 130.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,013 shares of the transportation company’s stock after acquiring an additional 573 shares during the quarter. Y.D. More Investments Ltd’s holdings in United Parcel Service were worth $139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cullen Investment Group LTD. increased its position in United Parcel Service by 0.7% during the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after purchasing an additional 68 shares in the last quarter. Blackston Financial Advisory Group LLC increased its position in United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares during the period. Versant Capital Management Inc increased its position in United Parcel Service by 2.2% in the 1st quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after acquiring an additional 70 shares during the period. Moody National Bank Trust Division increased its position in United Parcel Service by 0.8% in the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock valued at $1,354,000 after acquiring an additional 71 shares during the period. Finally, Cornerstone Wealth Management LLC increased its position in United Parcel Service by 0.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock valued at $1,269,000 after acquiring an additional 73 shares during the period. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

UPS has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets decreased their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Susquehanna decreased their price target on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Robert W. Baird decreased their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company decreased their price target on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $149.68.

United Parcel Service Stock Performance

UPS opened at $128.42 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The company’s fifty day moving average price is $131.06 and its two-hundred day moving average price is $140.13. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a market cap of $110.00 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.89 and a beta of 0.99.

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

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 5.08%. United Parcel Service’s payout ratio is 94.49%.

Insiders Place Their Bets

In other news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was bought at an average price 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 in the company, valued at approximately $663,627.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.