Guyasuta Investment Advisors Inc. Sells 3,429 Shares of United Parcel Service, Inc. $UPS

Key Points

• Guyasuta Investment Advisors Inc. reduced its stake in United Parcel Service (UPS) by 7.8%, selling 3,429 shares and owning a total of 40,377 shares valued at approximately $4.08 million at the end of the second quarter.
• UPS reported earnings of $1.55 per share for the most recent quarter, slightly missing analysts' expectations, with revenue of $21.20 billion showing a 2.7% decline year-over-year.
• The company declared a quarterly dividend of $1.64 per share, resulting in an annualized yield of 7.8% and a dividend payout ratio of 97.62%.

Guyasuta Investment Advisors Inc. trimmed its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,377 shares of the transportation company's stock after selling 3,429 shares during the quarter. Guyasuta Investment Advisors Inc.'s holdings in United Parcel Service were worth $4,076,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Stockman Wealth Management Inc. lifted its holdings in shares of United Parcel Service by 14.1% during the second quarter. Stockman Wealth Management Inc. now owns 112,956 shares of the transportation company's stock valued at $11,402,000 after purchasing an additional 13,951 shares in the last quarter. Uncommon Cents Investing LLC bought a new position in shares of United Parcel Service during the second quarter valued at $280,000. LVW Advisors LLC lifted its holdings in shares of United Parcel Service by 34.2% during the second quarter. LVW Advisors LLC now owns 4,578 shares of the transportation company's stock valued at $462,000 after purchasing an additional 1,167 shares in the last quarter. Spirepoint Private Client LLC lifted its holdings in shares of United Parcel Service by 1.0% during the second quarter. Spirepoint Private Client LLC now owns 1,093,830 shares of the transportation company's stock valued at $110,411,000 after purchasing an additional 10,752 shares in the last quarter. Finally, Diversified Enterprises LLC lifted its holdings in shares of United Parcel Service by 25.4% during the second quarter. Diversified Enterprises LLC now owns 2,467 shares of the transportation company's stock valued at $249,000 after purchasing an additional 499 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 1.4%

UPS stock opened at $83.74 on Friday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The business's 50-day moving average is $87.90 and its two-hundred day moving average is $96.45. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $70.98 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.54 and a beta of 1.08.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its 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 net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the prior year, the company posted $1.79 EPS. The firm's revenue was down 2.7% compared to the same quarter last year. As a group, analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given 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 7.8%. United Parcel Service's dividend payout ratio is presently 97.62%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on UPS shares. Citigroup lowered their price target on United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus lowered their price target on United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Truist Financial lowered their price target on United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Morgan Stanley lowered their price target on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a report on Wednesday, July 30th. Finally, BNP Paribas raised United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $111.38.

Insiders Place Their Bets

In related news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the transaction, the director directly owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Carol B. Tome purchased 11,682 shares of United Parcel Service stock in a transaction on Friday, August 1st. The stock was bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 17,182 shares of company stock worth $1,477,382 over the last quarter. 0.13% of the stock is currently owned by corporate insiders.

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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