Czech National Bank Raises Position in United Parcel Service, Inc. $UPS

Czech National Bank increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,348 shares of the transportation company's stock after purchasing an additional 11,364 shares during the quarter. Czech National Bank's holdings in United Parcel Service were worth $18,103,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in UPS. Sard Wealth Management Group LLC boosted its stake in shares of United Parcel Service by 8.0% during the 2nd quarter. Sard Wealth Management Group LLC now owns 3,951 shares of the transportation company's stock valued at $399,000 after purchasing an additional 291 shares in the last quarter. Range Financial Group LLC boosted its stake in shares of United Parcel Service by 9.8% during the 2nd quarter. Range Financial Group LLC now owns 3,395 shares of the transportation company's stock valued at $343,000 after purchasing an additional 304 shares in the last quarter. Bourne Lent Asset Management Inc. boosted its stake in shares of United Parcel Service by 7.3% during the 2nd quarter. Bourne Lent Asset Management Inc. now owns 27,258 shares of the transportation company's stock valued at $2,751,000 after purchasing an additional 1,850 shares in the last quarter. Atlas Brown Inc. boosted its stake in shares of United Parcel Service by 41.7% during the 2nd quarter. Atlas Brown Inc. now owns 3,330 shares of the transportation company's stock valued at $336,000 after purchasing an additional 980 shares in the last quarter. Finally, Martin Capital Partners LLC boosted its stake in shares of United Parcel Service by 245.7% during the 2nd quarter. Martin Capital Partners LLC now owns 55,866 shares of the transportation company's stock valued at $5,639,000 after purchasing an additional 39,706 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on UPS shares. Morgan Stanley dropped their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 30th. Citigroup dropped their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Truist Financial dropped their price objective on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Wells Fargo & Company dropped their price objective on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 30th. Finally, Oppenheimer dropped their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $112.34.

Insiders Place Their Bets

In other news, CEO Carol B. Tome purchased 11,682 shares of the company's stock in a transaction on 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 transaction, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christiana Smith Shi purchased 500 shares of the company's stock in a transaction on Friday, August 22nd. The stock was purchased at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director owned 500 shares of the company's stock, valued at approximately $44,085. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 17,182 shares of company stock worth $1,477,382 over the last three months. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $85.19 on Wednesday. The firm has a 50 day moving average of $90.54 and a 200 day moving average of $98.37. 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 firm has a market capitalization of $72.20 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last announced 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 business's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.79 earnings per share. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Monday, August 18th. 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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