GW Henssler & Associates Ltd. raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,489 shares of the transportation company’s stock after acquiring an additional 2,489 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in United Parcel Service were worth $9,719,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Massey Quick Simon & CO. LLC grew its position in shares of United Parcel Service by 2,857.1% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock worth $108,000 after buying an additional 1,000 shares during the period. First PREMIER Bank acquired a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $109,000. Legacy Financial Advisors Inc. acquired a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $111,000. Signature Wealth Management Group acquired a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $118,000. Finally, Gables Capital Management Inc. acquired a new stake in shares of United Parcel Service during the 1st quarter worth approximately $119,000. Hedge funds and other institutional investors own 53.51% of the company’s stock.
United Parcel Service stock opened at $119.27 on Monday. The company has a debt-to-equity ratio of 8.54, a quick ratio of 1.21 and a current ratio of 1.21. United Parcel Service, Inc. has a fifty-two week low of $101.45 and a fifty-two week high of $135.53. The company has a market cap of $102.61 billion, a P/E ratio of 19.85, a PEG ratio of 1.78 and a beta of 1.14.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 5th. Shareholders of record on Monday, August 20th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, August 17th. United Parcel Service’s payout ratio is currently 60.57%.
In other United Parcel Service news, SVP Kathleen M. Gutmann sold 1,700 shares of United Parcel Service stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total value of $203,864.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.
Several equities research analysts have recently commented on UPS shares. BMO Capital Markets lowered their price target on shares of United Parcel Service to $121.00 and set a “market perform” rating for the company in a research report on Friday, April 27th. Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating in a research note on Monday, May 14th. Loop Capital lifted their price objective on shares of United Parcel Service to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, May 30th. ValuEngine lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Finally, UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a research note on Monday, July 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $122.99.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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