Carol B. Tome Buys 11,682 Shares of United Parcel Service, Inc. (NYSE:UPS) Stock

Key Points

• Carol B. Tome, the CEO of United Parcel Service, purchased 11,682 shares of stock, increasing her ownership by 89.61%, totaling approximately $2.12 million.
• United Parcel Service reported quarterly earnings of $1.55 per share, missing analyst estimates, with revenue down 2.7% year-over-year.
• The company announced a quarterly dividend of $1.64 per share, resulting in a 7.8% dividend yield with a payout ratio of 97.62%.

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) CEO Carol B. Tome purchased 11,682 shares of the company's stock in a transaction on Friday, August 1st. The shares were bought at an average price of $85.67 per share, with a total value 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. The trade was a 89.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

United Parcel Service Stock Performance

Shares of NYSE UPS traded down $1.62 during trading hours on Friday, reaching $84.54. The stock had a trading volume of 11,258,979 shares, compared to its average volume of 6,268,639. The business's fifty day moving average is $99.53 and its two-hundred day moving average is $106.42. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.09. The company has a market cap of $71.59 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.51 and a beta of 1.21. United Parcel Service, Inc. has a twelve month low of $84.28 and a twelve month high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter last year, the company earned $1.79 earnings per share. The business's revenue was down 2.7% on a year-over-year basis. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is presently 97.62%.

Analysts Set New Price Targets

UPS has been the subject of several recent research reports. BMO Capital Markets lowered their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. DA Davidson decreased their price target on shares of United Parcel Service from $154.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Truist Financial decreased their price target on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday. Citigroup cut their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $112.81.

Institutional Trading of United Parcel Service

Large investors have recently made changes to their positions in the business. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service during the first quarter worth $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of United Parcel Service during the second quarter worth $26,000. Pinney & Scofield Inc. bought a new position in United Parcel Service in the fourth quarter valued at about $27,000. Citizens National Bank Trust Department boosted its holdings in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after acquiring an additional 210 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in United Parcel Service in the fourth quarter valued at about $28,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Company 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.

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