U S Global Investors Inc. Acquires 304 Shares of United Parcel Service, Inc. (NYSE:UPS)

U S Global Investors Inc. increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 25.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,499 shares of the transportation company’s stock after purchasing an additional 304 shares during the quarter. U S Global Investors Inc.’s holdings in United Parcel Service were worth $204,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. TruNorth Capital Management LLC acquired a new position in United Parcel Service in the second quarter valued at $28,000. Stephens Consulting LLC lifted its holdings 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 during the period. Riverview Trust Co acquired a new position in United Parcel Service in the second quarter valued at $32,000. Centerpoint Advisors LLC lifted its holdings in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the period. Finally, Tortoise Investment Management LLC lifted its holdings 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 during the period. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded down $1.48 on Tuesday, reaching $129.85. 410,028 shares of the company traded hands, compared to its average volume of 4,169,594. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a 50 day moving average of $130.34 and a 200 day moving average of $136.33. The firm has a market capitalization of $111.23 billion, a PE ratio of 21.43, a PEG ratio of 2.00 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

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). The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the business posted $2.54 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.44 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays restated an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday. BMO Capital Markets dropped 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 report on Wednesday, July 24th. The Goldman Sachs Group dropped their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Evercore ISI upped their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday. Finally, Robert W. Baird lowered their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.05.

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.