United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 8.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,013 shares of the transportation company’s stock after purchasing an additional 1,713 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in United Parcel Service were worth $2,876,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in UPS. Wellington Management Group LLP raised its stake in United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares during the period. Norges Bank purchased a new position in United Parcel Service in the fourth quarter valued at approximately $1,128,322,000. First Trust Advisors LP increased its position in shares of United Parcel Service by 208.1% in the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after acquiring an additional 1,160,005 shares in the last quarter. Spirepoint Private Client LLC purchased a new position in shares of United Parcel Service in the 1st quarter valued at $160,787,000. Finally, Franklin Resources Inc. lifted its holdings in shares of United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after acquiring an additional 980,317 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on UPS. Baird R W raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Barclays reduced their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Oppenheimer lowered their price target 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. Finally, UBS Group cut their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $151.20.

United Parcel Service Stock Performance

UPS stock traded up $1.57 during midday trading on Friday, reaching $128.55. The company had a trading volume of 4,116,068 shares, compared to its average volume of 4,240,978. The firm has a market capitalization of $110.11 billion, a PE ratio of 18.63, a P/E/G ratio of 1.90 and a beta of 0.98. The stock has a 50 day moving average price of $132.47 and a 200 day moving average price of $141.33. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $172.75. 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 earnings per share (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 company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the prior year, the firm earned $2.54 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be given a $1.63 dividend. The ex-dividend date is Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 5.07%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

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.