Compound Planning Inc. Acquires 4,120 Shares of United Parcel Service, Inc. $UPS

Key Points

• Compound Planning Inc. raised its stock position in United Parcel Service by 37.1%, owning over 15,215 shares worth approximately $1.67 million after acquiring extra shares in the first quarter.
• United Parcel Service reported quarterly revenue of $21.20 billion, surpassing analyst expectations, although earnings per share missed predictions at $1.55.
• The company declared a quarterly dividend of $1.64 per share, resulting in an annual yield of 7.4%, with a payout ratio of approximately 97.62%.

Compound Planning Inc. increased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 37.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,215 shares of the transportation company's stock after purchasing an additional 4,120 shares during the period. Compound Planning Inc.'s holdings in United Parcel Service were worth $1,673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Monetary Management Group Inc. raised its position in shares of United Parcel Service by 1,811.2% during the 1st quarter. Monetary Management Group Inc. now owns 11,391 shares of the transportation company's stock valued at $1,253,000 after purchasing an additional 10,795 shares during the period. Norinchukin Bank The grew its stake in United Parcel Service by 15.9% during the first quarter. Norinchukin Bank The now owns 39,599 shares of the transportation company's stock valued at $4,355,000 after acquiring an additional 5,418 shares in the last quarter. Clarkston Capital Partners LLC increased its holdings in United Parcel Service by 38.3% in the 1st quarter. Clarkston Capital Partners LLC now owns 290,299 shares of the transportation company's stock valued at $31,930,000 after acquiring an additional 80,413 shares during the last quarter. Channing Capital Management LLC bought a new stake in United Parcel Service in the 1st quarter valued at $6,676,000. Finally, CW Advisors LLC increased its holdings in United Parcel Service by 209.1% in the 1st quarter. CW Advisors LLC now owns 32,759 shares of the transportation company's stock valued at $3,648,000 after acquiring an additional 22,161 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insider Transactions at United Parcel Service

In related news, CEO Carol B. Tome acquired 11,682 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was bought 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 SEC, which is available at this hyperlink. Also, Director William R. Johnson acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were bought 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.

United Parcel Service Trading Up 3.0%

Shares of UPS stock traded up $2.5640 during trading hours on Friday, reaching $88.7140. 10,224,234 shares of the stock were exchanged, compared to its average volume of 10,494,927. 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. The company's 50-day moving average price is $95.89 and its 200-day moving average price is $101.93. The firm has a market capitalization of $75.19 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 1.63 and a beta of 1.12.

United Parcel Service (NYSE:UPS - Get Free Report) last released 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). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. During the same period in the prior year, the firm posted $1.79 earnings per share. United Parcel Service's revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be issued a dividend of $1.64 per share. The ex-dividend date is Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.4%. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

Analyst Ratings Changes

A number of analysts have issued reports on UPS shares. Galvan Research reduced their price target on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, June 30th. Daiwa America reduced their price target on shares of United Parcel Service from $120.00 to $103.00 in a report on Wednesday, April 30th. Truist Financial dropped their price objective on shares of 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. Vertical Research reissued a "hold" rating and issued a $103.00 price objective on shares of United Parcel Service in a research note on Wednesday, July 30th. Finally, Barclays dropped their price objective on shares of United Parcel Service from $90.00 to $80.00 and set an "underweight" rating for the company in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $112.81.

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.