First Dallas Securities Inc. Purchases 126 Shares of United Parcel Service, Inc. (NYSE:UPS)

First Dallas Securities Inc. raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,979 shares of the transportation company’s stock after acquiring an additional 126 shares during the period. First Dallas Securities Inc.’s holdings in United Parcel Service were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullen Investment Group LTD. lifted its position in United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after purchasing an additional 68 shares during the last quarter. Blackston Financial Advisory Group LLC lifted its holdings in shares of United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares during the last quarter. Versant Capital Management Inc grew its position in United Parcel Service by 2.2% in the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock worth $477,000 after acquiring an additional 70 shares in the last quarter. Moody National Bank Trust Division increased its stake in United Parcel Service by 0.8% during the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock worth $1,354,000 after acquiring an additional 71 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC raised its position in United Parcel Service by 2.1% during the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock valued at $519,000 after purchasing an additional 73 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on UPS shares. Baird R W raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Barclays cut their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Bank of America lowered their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Susquehanna cut their price target on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Finally, BMO Capital Markets decreased their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.20.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 0.9 %

Shares of United Parcel Service stock traded down $1.16 during trading on Thursday, hitting $127.76. 1,793,040 shares of the stock traded hands, compared to its average volume of 4,244,499. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $164.25. The stock’s fifty day simple moving average is $131.94 and its 200 day simple moving average is $140.92. The firm has a market cap of $109.44 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the business posted $2.54 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 19th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 5.10%. United Parcel Service’s dividend payout ratio is currently 94.49%.

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.