CHURCHILL MANAGEMENT Corp Acquires Shares of 5,103 United Parcel Service, Inc. $UPS

CHURCHILL MANAGEMENT Corp purchased a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,103 shares of the transportation company's stock, valued at approximately $515,000.

A number of other institutional investors have also recently bought and sold shares of the company. Graybill Wealth Management LTD. acquired a new position in United Parcel Service in the first quarter worth approximately $26,000. Citizens National Bank Trust Department grew its position in 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 worth $27,000 after acquiring an additional 210 shares in the last quarter. Hemington Wealth Management increased its stake 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 worth $31,000 after purchasing an additional 115 shares during the last quarter. Saudi Central Bank bought a new stake in United Parcel Service in the first quarter worth $32,000. Finally, Flaharty Asset Management LLC acquired a new position in United Parcel Service during the first quarter worth $33,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research firms have weighed in on UPS. Oppenheimer cut their target price on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Bank of America lowered their price target on United Parcel Service from $83.00 to $81.00 and set an "underperform" rating on the stock in a report on Friday, September 26th. Susquehanna decreased their price objective 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. Finally, BMO Capital Markets reissued a "market perform" rating and set a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. 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 three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $110.41.

United Parcel Service Stock Up 1.5%

NYSE UPS opened at $85.65 on Friday. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The company has a market capitalization of $72.60 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.55 and a beta of 1.10. The stock's 50 day moving average is $86.54 and its two-hundred day moving average is $95.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (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 analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company's quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.79 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.7%. United Parcel Service's dividend payout ratio is presently 97.62%.

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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