United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 36.5% during the second quarter, Holdings Channel.com reports. The fund owned 16,157 shares of the transportation company’s stock after purchasing an additional 4,324 shares during the quarter. Diversified Trust Co’s holdings in United Parcel Service were worth $2,211,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $26,000. Northwest Financial Advisors acquired a new position in United Parcel Service during the fourth quarter valued at approximately $28,000. Bourgeon Capital Management LLC purchased a new stake in United Parcel Service during the fourth quarter worth approximately $31,000. Security National Bank acquired a new stake in shares of United Parcel Service in the fourth quarter worth $31,000. Finally, Pineridge Advisors LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity

In other news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was acquired 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 $663,627.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America decreased their price target on shares of 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. UBS Group dropped their target price on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company lowered their target price on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, BMO Capital Markets cut their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

United Parcel Service Stock Performance

NYSE UPS remained flat at $126.49 during trading on Wednesday. The company’s stock had a trading volume of 211,308 shares, compared to its average volume of 4,239,593. The stock has a fifty day moving average price of $134.61 and a two-hundred day moving average price of $142.88. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $108.22 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.75 and a beta of 0.98. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $174.56.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results 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 company 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 revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.54 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.59 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm 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 dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s payout ratio is presently 94.49%.

About United Parcel Service

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.