Axxcess Wealth Management LLC Boosts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Axxcess Wealth Management LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,851 shares of the transportation company’s stock after buying an additional 1,657 shares during the quarter. Axxcess Wealth Management LLC’s holdings in United Parcel Service were worth $7,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. United Services Automobile Association raised its position in United Parcel Service by 235.3% during the fourth quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock valued at $37,316,000 after acquiring an additional 166,557 shares in the last quarter. Natixis purchased a new stake in United Parcel Service during the first quarter worth $121,000. Assetmark Inc. grew its position in United Parcel Service by 20.2% during the fourth quarter. Assetmark Inc. now owns 62,360 shares of the transportation company’s stock valued at $9,805,000 after buying an additional 10,467 shares during the period. Franklin Resources Inc. increased its holdings in United Parcel Service by 11.4% in the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after buying an additional 980,317 shares in the last quarter. Finally, Financial Partners Group LLC grew its position in shares of United Parcel Service by 23.9% during the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after acquiring an additional 5,069 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

United Parcel Service stock opened at $128.88 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average price of $130.75 and a 200 day moving average price of $139.74. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The stock has a market cap of $110.26 billion, a P/E ratio of 18.68, a PEG ratio of 1.89 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results 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 return on equity of 35.27% and a net margin of 5.87%. The firm 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 business earned $2.54 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Barclays dropped their price objective on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Oppenheimer dropped their price target on shares of 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. TD Cowen assumed coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $149.68.

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.