Adams Asset Advisors LLC Buys 10,711 Shares of United Parcel Service, Inc. $UPS

Adams Asset Advisors LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,480 shares of the transportation company's stock after purchasing an additional 10,711 shares during the quarter. Adams Asset Advisors LLC's holdings in United Parcel Service were worth $5,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service during the 1st quarter valued at about $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $27,000. Citizens National Bank Trust Department boosted its position in shares of United Parcel Service by 525.0% during the 1st 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. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $28,000. Finally, Hemington Wealth Management boosted its position in shares of United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $84.40 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The business has a 50 day moving average of $91.22 and a 200 day moving average of $98.71. The company has a market capitalization of $71.53 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.55 and a beta of 1.08.

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 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 during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the firm posted $1.79 EPS. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.8%. United Parcel Service's payout ratio is presently 97.62%.

Insider Buying and Selling at United Parcel Service

In related news, Director Christiana Smith Shi acquired 500 shares of the stock in a transaction on Friday, August 22nd. The stock was purchased at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the transaction, the director owned 500 shares of the company's stock, valued at $44,085. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Carol B. Tome acquired 11,682 shares of the stock in a transaction on Friday, August 1st. The stock was bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer directly 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 position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Galvan Research dropped their price target on United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, June 30th. Truist Financial dropped their price target on United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Citigroup dropped their target price on United Parcel Service from $127.00 to $114.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Finally, Wells Fargo & Company dropped their target price on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of "Hold" and an average price target of $112.34.

United Parcel Service 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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