Keudell Morrison Wealth Management Grows Stock Holdings in United Parcel Service, Inc. $UPS

Keudell Morrison Wealth Management grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 18.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,863 shares of the transportation company’s stock after buying an additional 921 shares during the period. Keudell Morrison Wealth Management’s holdings in United Parcel Service were worth $592,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $26,000. Citizens National Bank Trust Department grew its stake in shares of 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 buying an additional 210 shares during the period. Hemington Wealth Management grew its stake in shares of 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 buying an additional 115 shares during the period. Saudi Central Bank purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $33,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Galvan Research lowered their price target on United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a report on Monday, June 30th. Vertical Research reaffirmed a “hold” rating and issued a $103.00 target price on shares of United Parcel Service in a research report on Wednesday, July 30th. 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. Wall Street Zen downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $110.16.

United Parcel Service Trading Up 1.4%

Shares of NYSE UPS opened at $86.79 on Friday. The stock’s 50 day moving average price is $86.20 and its two-hundred day moving average price is $95.32. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The stock has a market capitalization of $73.56 billion, a P/E ratio of 12.92, a PEG ratio of 1.60 and a beta of 1.10. 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 data 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). The firm had revenue of $21.20 billion for 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 company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.79 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio is 97.62%.

Insider Buying and Selling

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

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.