FLC Capital Advisors Increases Stock Holdings in United Parcel Service, Inc. $UPS

FLC Capital Advisors lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 379.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,817 shares of the transportation company’s stock after purchasing an additional 10,935 shares during the quarter. FLC Capital Advisors’ holdings in United Parcel Service were worth $1,395,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Founders Capital Management LLC boosted its holdings in 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 valued at $11,245,000 after acquiring an additional 8,579 shares during the period. Gallacher Capital Management LLC purchased a new position in United Parcel Service during the 1st quarter valued at $620,000. Garde Capital Inc. purchased a new position in United Parcel Service during the 1st quarter valued at $37,000. Capital CS Group LLC boosted its holdings in 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 valued at $23,730,000 after acquiring an additional 8,070 shares during the period. Finally, CX Institutional boosted its holdings in United Parcel Service by 39.9% during the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock valued at $6,073,000 after acquiring an additional 17,152 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity

In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares of the company’s stock, valued at approximately $44,085. This represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

UPS has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. BNP Paribas Exane raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price for the company in a research report on Thursday, July 3rd. Evercore ISI decreased their target price on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a research report on Wednesday, July 30th. UBS Group decreased their target price on United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. Finally, Wells Fargo & Company decreased their target price on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company 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 issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $109.31.

United Parcel Service Trading Up 1.0%

Shares of NYSE:UPS opened at $86.48 on Monday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. The business’s fifty day simple moving average is $85.58 and its 200-day simple moving average is $93.41. The company has a market capitalization of $73.30 billion, a PE ratio of 12.87, a P/E/G ratio of 1.60 and a beta of 1.10. The company has a current ratio of 1.32, a quick 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 analysts’ consensus estimates 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 company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter in the prior year, the business posted $1.79 earnings per share. The company’s revenue was down 2.7% compared to the same quarter last year. 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 Dividend Announcement

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

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.