Obermeyer Wood Investment Counsel Lllp acquires 145 shares of United Parcel Service, Inc. (NYSE:UPS)

Obermeyer Wood Investment Counsel Lllp increased its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 7.3% during the second quarter, HoldingsChannel.com reports. The firm owned 2,124 shares of the transportation company’s stock after acquiring an additional 145 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in United Parcel Service were worth $291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in United Parcel Service by 0.3% in 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 boosted its holdings in United Parcel Service by 87.6% during 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 bought another 8,475,698 shares during the period. Franklin Resources Inc. grew its position in 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 purchasing an additional 980,317 shares in the last quarter. Norges Bank acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $1,128,322,000. Finally, Clearbridge Investments LLC grew its position in shares of United Parcel Service by 6.5% in the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after purchasing an additional 406,248 shares in the last quarter. 60.26% of shares are owned by institutional investors.

United Parcel Service trading up 1.2%

United Parcel Service stock opened at $128.55 on Monday. 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, Inc. it has a 52-week low of $123.12 and a 52-week high of $172.75. The company has a market cap of $110.11 billion, a P/E ratio of 18.63, a P/E/G ratio of 1.89 and a beta of 0.98. The company has a 50 day simple moving average of $132.47 and a two hundred day simple moving average of $141.28.

United Parcel Service (NYSE:UPS – Get Your Free Report ) last issued 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 net margin of 5.87% and a return on equity of 35.27%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. In the same quarter last year, the firm posted EPS of $2.54. Analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

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

Changes in Analyst Ratings

UPS has been the subject of several research analyst reports. Susquehanna decreased their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Baird RW upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company cut their price objective on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Bank of America cut their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Oppenheimer cut their price target on 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 investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Moderate Buy” and an average target price of $151.20, based on data from MarketBeat.

Check out our latest UPS review

Insiders place their bets

In other news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a filing with the SEC, which is available via this link. Corporate insiders own 0.13% of the company’s shares.

About United Parcel Service

(Free report)

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, air freight, customs brokerage and insurance services. It operates through two segments, the US Domestic Package and the International Package. The U.S. Domestic Packages segment provides timed delivery of express letters, documents, small packages and palletized goods via air and ground services in the United States.

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Want to see what other hedge funds own UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for United Parcel Service, Inc. (NYSE:UPS – Free Report).

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