Cobblestone Capital Advisors LLC NY increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 207.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,266 shares of the transportation company's stock after purchasing an additional 4,231 shares during the quarter. Cobblestone Capital Advisors LLC NY's holdings in United Parcel Service were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gallacher Capital Management LLC bought a new position in shares of United Parcel Service during the first quarter valued at $620,000. Garde Capital Inc. bought a new position in shares of United Parcel Service during the first quarter valued at $37,000. Golden State Wealth Management LLC lifted its holdings in shares of United Parcel Service by 61.3% during the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock valued at $173,000 after purchasing an additional 599 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of United Parcel Service by 5.9% during the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after purchasing an additional 193 shares in the last quarter. Finally, Advisor Resource Council bought a new position in shares of United Parcel Service during the first quarter valued at $437,000. 60.26% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently commented on UPS. Vertical Research reiterated a "hold" rating and set a $103.00 price objective on shares of United Parcel Service in a research report on Wednesday, July 30th. DA Davidson reduced their price objective on United Parcel Service from $154.00 to $150.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Truist Financial reduced their price objective 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. TD Cowen reduced their price objective on United Parcel Service from $117.00 to $107.00 in a research report on Wednesday, April 30th. Finally, Redburn Atlantic reduced their price objective on United Parcel Service from $137.00 to $117.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and a consensus target price of $112.81.
Read Our Latest Report on United Parcel Service
United Parcel Service Stock Up 0.2%
Shares of UPS opened at $86.65 on Monday. The business's 50 day moving average is $98.23 and its 200 day moving average is $104.23. The company has a market capitalization of $73.38 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.58 and a beta of 1.12. United Parcel Service, Inc. has a 12-month low of $84.28 and a 12-month high of $145.01. 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 the consensus estimate of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the business posted $1.79 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.
United Parcel Service Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.6%. The ex-dividend date is Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.
Insider Activity at United Parcel Service
In other news, CEO Carol B. Tome purchased 11,682 shares of the business's stock in a transaction on Friday, August 1st. The stock was 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 directly owned 24,718 shares of the company's stock, valued at $2,117,591.06. This represents a 89.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of the business's stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the acquisition, the director directly owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.13% of the company's stock.
About United Parcel Service
(
Free Report)
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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