Everett Harris & Co. CA Sells 15,317 Shares of United Parcel Service, Inc. (NYSE:UPS)

Key Points

• Everett Harris & Co. CA reduced its stake in United Parcel Service, Inc. by 16.0%, ending the first quarter with $8.81 million invested in 80,121 shares.
• Director William R. Johnson and CEO Carol B. Tome recently made significant stock purchases, increasing their shares by 96.90% and 89.61% respectively.
• The company declared a quarterly dividend of $1.64 per share, with a yield of 7.6%, set to be paid on September 4th.

Everett Harris & Co. CA lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 16.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,121 shares of the transportation company's stock after selling 15,317 shares during the period. Everett Harris & Co. CA's holdings in United Parcel Service were worth $8,813,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Pinney & Scofield Inc. purchased a new stake in United Parcel Service during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in United Parcel Service during the fourth quarter worth about $28,000. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service during the first quarter worth about $26,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in United Parcel Service during the fourth quarter worth about $31,000. Finally, Citizens National Bank Trust Department boosted 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 purchasing an additional 210 shares during the period. Hedge funds and other institutional investors 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 dated Friday, August 1st. The shares were purchased 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 owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William R. Johnson bought 5,000 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on UPS shares. Daiwa America cut their target price on shares of United Parcel Service from $120.00 to $103.00 in a research report on Wednesday, April 30th. Galvan Research cut their target price on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, June 30th. Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. HSBC lowered shares of United Parcel Service from a "buy" rating to a "hold" rating and cut their target price for the stock from $140.00 to $105.00 in a research report on Thursday, May 1st. Finally, Truist Financial cut 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 report on Wednesday, July 30th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $112.81.

United Parcel Service Price Performance

Shares of UPS stock traded up $0.16 during trading hours on Friday, hitting $86.65. 6,275,090 shares of the company's stock were exchanged, compared to its average volume of 8,095,052. The company has a market capitalization of $73.38 billion, a PE ratio of 12.89, a PEG ratio of 1.57 and a beta of 1.12. United Parcel Service, Inc. has a 12-month low of $84.28 and a 12-month high of $145.01. The business's 50 day simple moving average is $98.23 and its 200-day simple moving average is $104.63. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS - Get Free Report) last announced 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 business had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. During the same period in the previous year, the business earned $1.79 EPS. The business's revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be issued a $1.64 dividend. The ex-dividend date is Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service's dividend payout ratio is 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.