3,645 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by American Alpha Advisors LLC

Key Points

• American Alpha Advisors LLC acquired 3,645 shares of United Parcel Service, Inc. (NYSE:UPS) valued at approximately $401,000 in the first quarter of the year.
• United Parcel Service reported quarterly earnings of $1.55 per share, missing analysts' expectations by $0.01, amidst a revenue of $21.20 billion for the quarter.
• Insider trading activity includes CEO Carol B. Tome purchasing 11,682 shares, increasing her stake in the company significantly.

American Alpha Advisors LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,645 shares of the transportation company's stock, valued at approximately $401,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Graybill Wealth Management LTD. acquired a new position in United Parcel Service during the first quarter worth $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service during the fourth quarter worth $27,000. Citizens National Bank Trust Department lifted its stake in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service during the fourth quarter worth $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in United Parcel Service during the fourth quarter worth $31,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 0.2%

Shares of NYSE UPS opened at $86.65 on Friday. United Parcel Service, Inc. has a 52-week low of $84.28 and a 52-week high of $145.01. The firm has a fifty day moving average of $98.23 and a 200-day moving average of $104.44. The stock has a market capitalization of $73.38 billion, a PE ratio of 12.89, a P/E/G ratio of 1.58 and a beta of 1.12. The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

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 (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $20.90 billion. During the same period in the prior year, the firm earned $1.79 earnings per share. The firm's quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.6%. United Parcel Service's payout ratio is currently 97.62%.

Analysts Set New Price Targets

A number of research analysts have commented on UPS shares. Stephens decreased their price target on United Parcel Service from $110.00 to $101.00 in a research note on Wednesday, April 30th. Vertical Research reiterated a "hold" rating and issued a $103.00 price objective on shares of United Parcel Service in a research note on Wednesday, July 30th. Evercore ISI dropped their target price on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. Jefferies Financial Group dropped their target price on United Parcel Service from $150.00 to $130.00 in a report on Wednesday, April 30th. Finally, Bank of America reaffirmed a "neutral" rating and set a $98.00 price objective on shares of United Parcel Service in a report on Tuesday, July 29th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of "Hold" and a consensus price target of $112.81.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the acquisition, the chief executive officer owned 24,718 shares of the company's stock, valued at $2,117,591.06. The trade was a 89.61% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. 0.13% of the stock is owned by insiders.

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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