Sumitomo Life Insurance Co. Purchases 315 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sumitomo Life Insurance Co. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,206 shares of the transportation company’s stock after acquiring an additional 315 shares during the period. Sumitomo Life Insurance Co.’s holdings in United Parcel Service were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. TruNorth Capital Management LLC bought a new stake in United Parcel Service during the second quarter worth $28,000. Riverview Trust Co acquired a new position in shares of United Parcel Service during the 2nd quarter worth $32,000. Centerpoint Advisors LLC lifted its position in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. Stephens Consulting LLC boosted its stake in United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS opened at $135.88 on Thursday. The stock has a 50-day moving average of $129.82 and a 200-day moving average of $136.75. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $116.39 billion, a PE ratio of 22.17, a P/E/G ratio of 1.98 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 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the firm earned $2.54 EPS. The company’s revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts predict 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 paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 106.36%.

Analysts Set New Price Targets

A number of research firms have recently commented on UPS. Oppenheimer dropped their target price on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Stephens reduced their price target on 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. Evercore ISI lowered their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. Stifel Nicolaus reduced their target price on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $151.24.

Insider Activity

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares in the company, valued at $663,627.60. The trade was a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.