Dorsey & Whitney Trust CO LLC Lowers Stake in United Parcel Service, Inc. $UPS

Key Points

• Dorsey & Whitney Trust CO LLC reduced its stake in United Parcel Service (UPS) by 15%, selling 4,645 shares and holding 26,386 shares valued at approximately $2.9 million.
• Several analysts have adjusted their target prices for UPS, with Stifel Nicolaus lowering its price target from $124 to $120 while maintaining a "buy" rating.
• CEO Carol B. Tome increased her personal stake in UPS by acquiring 11,682 shares for nearly $1 million, reflecting a significant confidence in the company.

Dorsey & Whitney Trust CO LLC decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,386 shares of the transportation company's stock after selling 4,645 shares during the period. Dorsey & Whitney Trust CO LLC's holdings in United Parcel Service were worth $2,902,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new position in United Parcel Service during the first quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service during the fourth quarter worth approximately $27,000. Citizens National Bank Trust Department increased its position in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after buying an additional 210 shares during the period. Fourth Dimension Wealth LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at approximately $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of United Parcel Service in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares of the company's stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William R. Johnson bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares of the company's stock, valued at approximately $878,840. The trade was a 96.90% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded up $2.5640 during trading on Friday, reaching $88.7140. The company's stock had a trading volume of 10,224,234 shares, compared to its average volume of 10,257,072. 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, Inc. has a 12-month low of $84.28 and a 12-month high of $145.01. The company has a market capitalization of $75.19 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 1.58 and a beta of 1.12. The business has a 50 day moving average price of $95.89 and a 200-day moving average price of $102.00.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share 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 company had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same period last year, the firm earned $1.79 earnings per share. The business's revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UPS. BNP Paribas upgraded United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Truist Financial lowered their target price on 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. Bernstein Bank lifted their target price on United Parcel Service from $132.00 to $133.00 in a research note on Wednesday, April 30th. Finally, Vertical Research reiterated a "hold" rating and issued a $103.00 target price on shares of United Parcel Service in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $112.81.

About United Parcel Service

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.