Sava Infond d.o.o. Raises Stock Position in United Parcel Service, Inc. $UPS

Sava Infond d.o.o. grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 146.7% during the second quarter, HoldingsChannel.com reports. The fund owned 4,120 shares of the transportation company’s stock after purchasing an additional 2,450 shares during the quarter. Sava Infond d.o.o.’s holdings in United Parcel Service were worth $416,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in UPS. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service during the 1st quarter valued at $26,000. Citizens National Bank Trust Department grew its holdings in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares in the last quarter. Hemington Wealth Management grew its holdings in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank acquired a new stake in United Parcel Service during the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in United Parcel Service during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS stock opened at $86.79 on Friday. The firm has a market cap of $73.56 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.58 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The firm has a fifty day moving average of $86.20 and a two-hundred day moving average of $95.48.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.United Parcel Service’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.79 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 97.62%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, the director owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christiana Smith Shi purchased 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the transaction, the director owned 500 shares in the company, valued at approximately $44,085. The trade was a ? increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on UPS shares. Oppenheimer lowered their price target on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a report on Saturday, September 27th. Galvan Research lowered their price target on shares of United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a report on Monday, June 30th. Bank of America lowered their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a report on Friday, September 26th. Finally, BNP Paribas raised shares of United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $110.16.

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.