Carol B. Tome Acquires 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 acquired 11,682 shares of the stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares of the company's stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

United Parcel Service Trading Up 1.6%

NYSE:UPS traded up $1.32 during mid-day trading on Monday, reaching $85.82. 2,557,220 shares of the company's stock traded hands, compared to its average volume of 6,239,595. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.09. United Parcel Service, Inc. has a 12-month low of $84.28 and a 12-month high of $145.01. The company has a 50 day moving average price of $99.32 and a 200-day moving average price of $105.82. The firm has a market capitalization of $72.67 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.53 and a beta of 1.12.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%. United Parcel Service's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.79 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service's payout ratio is 97.62%.

Analyst Ratings Changes

UPS has been the subject of a number of analyst reports. Jefferies Financial Group cut their price target on United Parcel Service from $150.00 to $130.00 in a research note on Wednesday, April 30th. Raymond James Financial cut their price target on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Daiwa America decreased their price objective on shares of United Parcel Service from $120.00 to $103.00 in a research note on Wednesday, April 30th. Galvan Research decreased their price objective on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, June 30th. Finally, Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $112.81.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Gallacher Capital Management LLC purchased a new stake in shares of United Parcel Service during the 1st quarter valued at about $620,000. Garde Capital Inc. purchased a new stake in shares of United Parcel Service during the 1st quarter valued at about $37,000. Golden State Wealth Management LLC boosted its holdings in shares of United Parcel Service by 61.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock valued at $173,000 after acquiring an additional 599 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after acquiring an additional 193 shares during the last quarter. Finally, Advisor Resource Council purchased a new stake in shares of United Parcel Service during the 1st quarter valued at about $437,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

About United Parcel Service

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.