Callan Family Office LLC Purchases 7,345 Shares of United Parcel Service, Inc. $UPS

Key Points

• Callan Family Office LLC increased its stake in United Parcel Service, Inc. by 114.1%, acquiring an additional 7,345 shares in the second quarter, bringing its total holdings to 13,781 shares valued at approximately $1.39 million.
• UPS's recent earnings report showed a miss on EPS, with earnings of $1.55 compared to the analyst consensus of $1.56, despite revenue exceeding estimates at $21.20 billion.
• Analysts have mixed ratings on UPS stock; the consensus rating is “Hold”, with a price target averaging around $109.38.

Callan Family Office LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 114.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,781 shares of the transportation company's stock after acquiring an additional 7,345 shares during the quarter. Callan Family Office LLC's holdings in United Parcel Service were worth $1,391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service in the first quarter valued at approximately $26,000. Citizens National Bank Trust Department raised its holdings in shares of 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 purchasing an additional 210 shares during the last quarter. Hemington Wealth Management raised its holdings in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. Saudi Central Bank acquired a new stake in shares of United Parcel Service in the first quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of United Parcel Service in the first quarter valued at approximately $33,000. Institutional investors own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of recent research reports. Vertical Research reiterated a "hold" rating and issued a $103.00 price objective on shares of United Parcel Service in a report on Wednesday, July 30th. Susquehanna lowered their price objective on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th. Wall Street Zen downgraded shares of United Parcel Service from a "hold" rating to a "sell" rating in a report on Saturday, September 20th. UBS Group lowered their price objective on shares of United Parcel Service from $118.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $96.00 to $85.00 and set a "neutral" rating for the company in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $109.38.

Insiders Place Their Bets

In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The stock was bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director owned 500 shares in the company, valued at $44,085. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director owned 10,160 shares of the company's stock, valued at $878,840. This trade represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 17,182 shares of company stock valued at $1,477,382 over the last ninety days. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Trading Down 2.7%

UPS stock opened at $82.97 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. The company has a fifty day moving average price of $85.74 and a two-hundred day moving average price of $94.22. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The stock has a market cap of $70.32 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period last year, the firm earned $1.79 earnings per share. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current 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 dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's payout ratio is 97.62%.

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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