Ajo LP bought a new stake in United Parcel Service Inc. (NYSE:UPS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,322 shares of the company’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. Americafirst Capital Management LLC purchased a new position in shares of United Parcel Service during the second quarter valued at $102,000. Security National Trust Co. raised its position in shares of United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock valued at $115,000 after buying an additional 275 shares during the period. Advisory Services Network LLC raised its position in shares of United Parcel Service by 17.4% in the second quarter. Advisory Services Network LLC now owns 1,206 shares of the company’s stock valued at $130,000 after buying an additional 179 shares during the period. Kanaly Trust Co raised its position in shares of United Parcel Service by 1.3% in the second quarter. Kanaly Trust Co now owns 1,359 shares of the company’s stock valued at $146,000 after buying an additional 17 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of United Parcel Service by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,465 shares of the company’s stock valued at $157,000 after buying an additional 5 shares during the period. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Parcel Service Inc. (NYSE:UPS) traded down 0.31% during mid-day trading on Friday, hitting $109.33. The stock had a trading volume of 413,886 shares. United Parcel Service Inc. has a one year low of $87.30 and a one year high of $111.83. The company has a market cap of $96.00 billion, a PE ratio of 19.65 and a beta of 0.91. The firm’s 50 day moving average price is $109.07 and its 200-day moving average price is $106.11.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.43 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.43. The business earned $14.60 billion during the quarter, compared to analyst estimates of $14.65 billion. United Parcel Service had a net margin of 8.41% and a return on equity of 211.88%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 earnings per share. On average, equities research analysts anticipate that United Parcel Service Inc. will post $5.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 16th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Friday, August 12th. United Parcel Service’s dividend payout ratio is currently 56.01%.

Several research analysts have commented on the company. Morgan Stanley set a $91.00 price objective on United Parcel Service and gave the company a “sell” rating in a research report on Monday, August 1st. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $116.00 price objective (up from $112.00) on shares of United Parcel Service in a research report on Tuesday, August 2nd. William Blair reissued an “outperform” rating on shares of United Parcel Service in a research report on Tuesday, September 13th. Sanford C. Bernstein reissued an “outperform” rating on shares of United Parcel Service in a research report on Thursday, May 26th. Finally, Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. United Parcel Service currently has an average rating of “Hold” and an average price target of $109.23.

In other news, insider James J. Barber sold 2,268 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $109.79, for a total transaction of $249,003.72. Following the completion of the transaction, the insider now owns 31,418 shares of the company’s stock, valued at $3,449,382.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.72% of the company’s stock.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

5 Day Chart for NYSE:UPS

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service Inc. (NYSE:UPS).

Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with MarketBeat.com's FREE daily email newsletter.