Cidel Asset Management Inc. Increases Stock Holdings in United Parcel Service, Inc. $UPS

Cidel Asset Management Inc. lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 12.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,538 shares of the transportation company’s stock after purchasing an additional 813 shares during the quarter. Cidel Asset Management Inc.’s holdings in United Parcel Service were worth $761,000 at the end of the most recent reporting period.

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

United Parcel Service Stock Up 1.0%

Shares of NYSE:UPS opened at $86.48 on Monday. The firm’s 50 day moving average price is $85.58 and its 200 day moving average price is $93.41. The stock has a market cap of $73.30 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. 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 issued its earnings results 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 firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.79 EPS. As a group, equities research analysts predict 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 announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Wall Street Analyst Weigh In

A number of research analysts have commented on UPS shares. Wells Fargo & Company decreased their target price on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 30th. BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price on the stock in a research report on Thursday, July 3rd. UBS Group reduced 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 report on Friday, October 3rd. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $96.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Finally, Vertical Research reissued a “hold” rating and set a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $109.31.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director owned 500 shares of the company’s stock, valued at $44,085. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

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.