Godsey & Gibb Inc. Acquires 5,470 Shares of United Parcel Service, Inc. $UPS

Key Points

• Godsey & Gibb Inc. has increased its stake in United Parcel Service (UPS) by 3.5%, acquiring an additional 5,470 shares during the 2nd quarter, bringing its total holdings to 161,606 shares valued at approximately $16.3 million.
• Insider transactions include Director Christiana Smith Shi purchasing 500 shares and CEO Carol B. Tome acquiring 11,682 shares, with Tome's transaction representing an 89.61% increase in her ownership.
• United Parcel Service's stock has experienced a slight decline of 0.2%, with shares opening at $86.61, while the company's latest quarterly earnings report indicated a **miss on earnings per share** expectations.

Godsey & Gibb Inc. increased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,606 shares of the transportation company's stock after acquiring an additional 5,470 shares during the quarter. Godsey & Gibb Inc.'s holdings in United Parcel Service were worth $16,312,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service in the 1st quarter valued at approximately $26,000. Citizens National Bank Trust Department boosted its stake in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after purchasing an additional 210 shares during the period. Hemington Wealth Management raised its holdings in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after acquiring an additional 115 shares in the last quarter. Saudi Central Bank acquired a new position in United Parcel Service in the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of United Parcel Service during the 1st quarter worth $33,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Buying and Selling at United Parcel Service

In related news, Director Christiana Smith Shi acquired 500 shares of the stock in a transaction that occurred 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 transaction, the director owned 500 shares of the company's stock, valued at approximately $44,085. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Carol B. Tome purchased 11,682 shares of the firm's stock in a transaction on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following 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 ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 17,182 shares of company stock worth $1,477,382. Insiders own 0.13% of the company's stock.

United Parcel Service Stock Down 0.2%

Shares of NYSE:UPS opened at $86.61 on Tuesday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The business has a 50 day simple moving average of $85.91 and a two-hundred day simple moving average of $94.97. The firm has a market capitalization of $73.41 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company 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 revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.79 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.6%. United Parcel Service's dividend payout ratio is presently 97.62%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company lowered their target price on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a report on Wednesday, July 30th. BNP Paribas upgraded United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. Bank of America dropped their price target on United Parcel Service from $83.00 to $81.00 and set an "underperform" rating on the stock in a report on Friday, September 26th. Wolfe Research lowered their target price on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 1st. Finally, Galvan Research lowered their target price on United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and an average price target of $110.16.

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.

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