O Keefe Stevens Advisory Inc. Has $945,000 Stock Holdings in United Parcel Service, Inc. $UPS

O Keefe Stevens Advisory Inc. raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 30.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,361 shares of the transportation company’s stock after buying an additional 2,207 shares during the quarter. O Keefe Stevens Advisory Inc.’s holdings in United Parcel Service were worth $945,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Founders Capital Management LLC increased its stake in shares of United Parcel Service by 8.3% during the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock worth $11,245,000 after purchasing an additional 8,579 shares during the last quarter. Gallacher Capital Management LLC acquired a new position in shares of United Parcel Service during the 1st quarter worth $620,000. Garde Capital Inc. acquired a new position in shares of United Parcel Service during the 1st quarter worth $37,000. Capital CS Group LLC increased its stake in shares of United Parcel Service by 3.6% during the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock worth $23,730,000 after purchasing an additional 8,070 shares during the last quarter. Finally, CX Institutional increased its stake in shares of United Parcel Service by 39.9% during the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock worth $6,073,000 after purchasing an additional 17,152 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 1.4%

Shares of UPS stock opened at $86.79 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. The company has a market capitalization of $73.56 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.60 and a beta of 1.10. The firm has a 50-day moving average price of $86.20 and a 200 day moving average price of $95.32. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

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

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

Wall Street Analyst Weigh In

UPS has been the topic of several analyst reports. UBS Group dropped their price target on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company decreased their price objective on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday, July 30th. Wall Street Zen downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. Bank of America decreased their price objective 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, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $110.16.

Insider Activity at United Parcel Service

In related news, Director Christiana Smith Shi acquired 500 shares of the stock in a transaction on Friday, August 22nd. The stock was purchased at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director owned 500 shares of the company’s stock, valued at $44,085. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carol B. Tome acquired 11,682 shares of the stock in a transaction on Friday, August 1st. The stock was bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Insiders bought 17,182 shares of company stock valued at $1,477,382 in the last ninety days. Insiders own 0.13% of the company’s stock.

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.