CW Advisors LLC Raises Stake in United Parcel Service, Inc. $UPS

Key Points

• CW Advisors LLC increased its stake in United Parcel Service, Inc. by 209.1%, holding a total of 32,759 shares worth approximately $3.65 million after acquiring an additional 22,161 shares.
• United Parcel Service reported $1.55 earnings per share for the last quarter, slightly missing analysts' estimates, with a revenue of $21.20 billion, exceeding expectations of $20.90 billion.
• The transportation company is set to pay a quarterly dividend of $1.64 per share, representing a yield of 7.4%, with a dividend payout ratio of 97.62%.

CW Advisors LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 209.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,759 shares of the transportation company's stock after purchasing an additional 22,161 shares during the quarter. CW Advisors LLC's holdings in United Parcel Service were worth $3,648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Summit Financial LLC raised its position in shares of United Parcel Service by 27.7% during the first quarter. Summit Financial LLC now owns 30,627 shares of the transportation company's stock valued at $3,369,000 after buying an additional 6,644 shares during the last quarter. United Asset Strategies Inc. boosted its stake in United Parcel Service by 8.5% during the first quarter. United Asset Strategies Inc. now owns 24,174 shares of the transportation company's stock worth $2,659,000 after buying an additional 1,900 shares during the period. Accredited Wealth Management LLC boosted its stake in United Parcel Service by 13.7% during the first quarter. Accredited Wealth Management LLC now owns 2,010 shares of the transportation company's stock worth $221,000 after buying an additional 242 shares during the period. GM Advisory Group LLC purchased a new position in United Parcel Service during the first quarter worth $1,553,000. Finally, Level Four Advisory Services LLC boosted its stake in United Parcel Service by 32.5% during the first quarter. Level Four Advisory Services LLC now owns 56,928 shares of the transportation company's stock worth $6,262,000 after buying an additional 13,971 shares during the period. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Up 3.0%

Shares of UPS opened at $88.7140 on Friday. United Parcel Service, Inc. has a 52-week low of $84.28 and a 52-week high of $145.01. The company has a market capitalization of $75.19 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.63 and a beta of 1.12. The stock has a fifty day simple moving average of $95.89 and a two-hundred day simple moving average of $101.93. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $21.20 billion for 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 firm's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.79 earnings per share. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UPS. Truist Financial lowered their target price 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. Morgan Stanley reduced their target price on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a report on Wednesday, July 30th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Jefferies Financial Group cut their price target on shares of United Parcel Service from $150.00 to $130.00 in a report on Wednesday, April 30th. Finally, Wall Street Zen downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $112.81.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average cost of $86.50 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, with a total value 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 trade represents a 89.61% 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 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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