Brady Family Wealth LLC Sells 16,844 Shares of United Parcel Service, Inc. $UPS

Key Points

• Brady Family Wealth LLC significantly reduced its holdings in United Parcel Service, selling 16,844 shares and decreasing its position by 78.5% during the second quarter.
• Recent insider transactions include CEO Carol B. Tome purchasing 11,682 shares, boosting her stake by 89.61%, while Director William R. Johnson also increased his holdings by 96.90%.
• The company declared a quarterly dividend of $1.64 per share, yielding 7.7%, with a payout ratio of 97.62% as of the last filing.

Brady Family Wealth LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 78.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,618 shares of the transportation company's stock after selling 16,844 shares during the period. Brady Family Wealth LLC's holdings in United Parcel Service were worth $466,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of United Parcel Service by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company's stock worth $7,274,323,000 after purchasing an additional 999,832 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock worth $2,754,751,000 after buying an additional 1,780,807 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of United Parcel Service by 124.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock worth $991,132,000 after buying an additional 4,988,044 shares during the period. Northern Trust Corp raised its position in shares of United Parcel Service by 0.3% in the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company's stock valued at $815,633,000 after acquiring an additional 23,918 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in United Parcel Service by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company's stock worth $519,059,000 after acquiring an additional 171,303 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director William R. Johnson purchased 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the business's stock in a transaction on Friday, August 1st. The stock was bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 17,182 shares of company stock valued at $1,477,382. Insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

UPS traded down $0.09 on Monday, reaching $83.97. The company had a trading volume of 5,207,551 shares, compared to its average volume of 6,678,431. The business has a 50 day simple moving average of $89.48 and a 200 day simple moving average of $97.50. The company has a market cap of $71.17 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.55 and a beta of 1.08. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The company 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% on a year-over-year basis. During the same period last year, the firm earned $1.79 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UPS. UBS Group cut their price objective on shares of United Parcel Service from $124.00 to $118.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Susquehanna reduced their target price on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. Oppenheimer cut their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, July 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 note on Wednesday, July 30th. Finally, Citigroup reduced their target price on United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $111.44.

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.