United Parcel Service, Inc. $UPS Shares Bought by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.9% in the second quarter, Holdings Channel.com reports. The fund owned 168,352 shares of the transportation company’s stock after purchasing an additional 1,419 shares during the period. United Parcel Service makes up approximately 1.2% of Cantor Fitzgerald Investment Advisors L.P.’s investment portfolio, making the stock its 23rd biggest position. Cantor Fitzgerald Investment Advisors L.P.’s holdings in United Parcel Service were worth $16,993,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Founders Capital Management LLC grew its stake in shares of United Parcel Service by 8.3% in the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock valued at $11,245,000 after buying an additional 8,579 shares in the last quarter. Gallacher Capital Management LLC purchased a new position in United Parcel Service during the 1st quarter valued at about $620,000. Garde Capital Inc. acquired a new position in United Parcel Service in the 1st quarter valued at about $37,000. Capital CS Group LLC increased its stake in United Parcel Service by 3.6% during the second 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 period. Finally, CX Institutional increased its stake in United Parcel Service by 39.9% during the second 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 period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UPS shares. UBS Group dropped their price objective on shares of United Parcel Service from $124.00 to $118.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Wolfe Research dropped their price target on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research note on Tuesday, July 1st. BMO Capital Markets reiterated a “market perform” rating and issued a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. 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 report on Wednesday, July 30th. Finally, Barclays cut their price target on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $111.38.

Insider Activity at United Parcel Service

In other news, CEO Carol B. Tome bought 11,682 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The stock was purchased 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. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 17,182 shares of company stock valued at $1,477,382 over the last ninety days. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 1.0%

UPS opened at $84.35 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The company has a market cap of $71.49 billion, a P/E ratio of 12.55, a PEG ratio of 1.54 and a beta of 1.10. The business’s 50-day simple moving average is $86.88 and its 200-day simple moving average is $95.92.

United Parcel Service (NYSE:UPS) last posted 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 business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.79 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.8%. The ex-dividend date was Monday, August 18th. 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.