Meeder Asset Management Inc. Raises Stake in United Parcel Service, Inc. (NYSE:UPS)

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Meeder Asset Management Inc. increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2,392.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 623 shares of the transportation company’s stock after purchasing an additional 598 shares during the period. Meeder Asset Management Inc.’s holdings in United Parcel Service were worth $64,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of UPS. Buckingham Asset Management LLC raised its holdings in shares of United Parcel Service by 28.7% in the 2nd quarter. Buckingham Asset Management LLC now owns 14,211 shares of the transportation company’s stock valued at $1,468,000 after acquiring an additional 3,168 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of United Parcel Service by 3.4% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 9,288 shares of the transportation company’s stock valued at $948,000 after acquiring an additional 306 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of United Parcel Service by 9.5% in the 2nd quarter. GHP Investment Advisors Inc. now owns 8,998 shares of the transportation company’s stock valued at $929,000 after acquiring an additional 782 shares in the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. raised its holdings in shares of United Parcel Service by 54.0% in the 2nd quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 4,050 shares of the transportation company’s stock valued at $418,000 after acquiring an additional 1,420 shares in the last quarter. Finally, Landmark Financial Advisors LLC purchased a new stake in shares of United Parcel Service in the 2nd quarter valued at about $377,000. 54.91% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on UPS shares. Goldman Sachs Group started coverage on United Parcel Service in a report on Wednesday, July 10th. They set a “buy” rating and a $123.00 price objective on the stock. Stifel Nicolaus cut United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price objective on the stock. in a report on Monday, July 29th. Berenberg Bank reissued a “buy” rating on shares of United Parcel Service in a report on Friday, July 26th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $114.00 price objective on shares of United Parcel Service in a report on Thursday, July 25th. Finally, Loop Capital raised their price objective on United Parcel Service to $140.00 and gave the company a “buy” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and a consensus price target of $118.82.

UPS opened at $113.69 on Wednesday. The stock’s 50 day simple moving average is $112.48 and its 200 day simple moving average is $107.53. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a 1 year low of $89.89 and a 1 year high of $125.09. The firm has a market cap of $95.56 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.69 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.03. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The business had revenue of $18.05 billion for the quarter, compared to analyst estimates of $17.98 billion. During the same period last year, the company earned $1.94 EPS. United Parcel Service’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.5 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th will be given a $0.96 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.38%. United Parcel Service’s dividend payout ratio is currently 53.04%.

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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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