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Commonwealth Retirement Investments LLC Has $3.77 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

United Parcel Service logo with Transportation background

Key Points

  • Commonwealth Retirement Investments LLC increased its stake in United Parcel Service, Inc. by 20.7%, now holding shares worth approximately $3.77 million.
  • Insider activity includes Director William R. Johnson and CEO Carol B. Tome significantly increasing their ownership in the company, with Johnson's shares rising by 96.90% and Tome's by 89.61%.
  • United Parcel Service reported quarterly earnings of $1.55 per share, slightly missing analysts' estimates, with a total revenue of $21.20 billion for the quarter.
  • Five stocks to consider instead of United Parcel Service.

Commonwealth Retirement Investments LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 20.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 34,304 shares of the transportation company's stock after buying an additional 5,884 shares during the quarter. United Parcel Service comprises about 1.5% of Commonwealth Retirement Investments LLC's portfolio, making the stock its 19th largest holding. Commonwealth Retirement Investments LLC's holdings in United Parcel Service were worth $3,773,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Gallacher Capital Management LLC acquired a new stake in shares of United Parcel Service during the 1st quarter worth about $620,000. Garde Capital Inc. acquired a new stake in shares of United Parcel Service during the 1st quarter worth about $37,000. Golden State Wealth Management LLC lifted its stake in shares of United Parcel Service by 61.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock worth $173,000 after buying an additional 599 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in shares of United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock worth $381,000 after buying an additional 193 shares during the last quarter. Finally, Advisor Resource Council acquired a new stake in shares of United Parcel Service during the 1st quarter worth about $437,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 31st. The shares were purchased at an average cost of $86.50 per share, with a total value of $432,500.00. Following the acquisition, the director directly owned 10,160 shares of the company's stock, valued at $878,840. The trade was a 96.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction on Friday, August 1st. The shares were 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 approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.13% of the company's stock.

United Parcel Service Trading Up 0.5%

Shares of United Parcel Service stock opened at $84.96 on Tuesday. The firm has a market capitalization of $71.94 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.53 and a beta of 1.12. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51. The firm's 50 day moving average is $99.11 and its 200 day moving average is $105.51. United Parcel Service, Inc. has a 1 year low of $84.28 and a 1 year high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly 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 company 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 company's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.79 earnings per share. Equities research 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 business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 7.7%. United Parcel Service's payout ratio is 97.62%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Loop Capital cut their target price on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. TD Cowen dropped their price objective on shares of United Parcel Service from $117.00 to $107.00 in a research note on Wednesday, April 30th. Wolfe Research dropped their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a research note on Tuesday, July 1st. Galvan Research dropped their price objective on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, June 30th. Finally, DA Davidson dropped their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $112.81.

View Our Latest Research Report on UPS

United Parcel Service Profile

(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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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