Hillman Capital Management Inc. Takes $2.66 Million Position in United Parcel Service, Inc. $UPS

Key Points

• Hillman Capital Management bought a new stake of 31,884 shares in United Parcel Service (UPS) during Q3, valued at about $2.66 million.
• Insider Norman M. Brothers, Jr. sold 25,014 UPS shares on Jan. 28 at an average price of $106.15, a transaction totaling roughly $2.66 million; company insiders own 0.13% of the stock.
• UPS beat quarterly estimates with EPS of $2.38 (vs. $2.20) and revenue of $24.48B, declared a $1.64 quarterly dividend (annualized yield ~6.7%, payout ratio 100%), and while several analysts raised price targets, the consensus rating remains "Hold" with an average target of $113.67.

Hillman Capital Management Inc. purchased a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 31,884 shares of the transportation company's stock, valued at approximately $2,663,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd lifted its position in United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company's stock valued at $25,000 after buying an additional 131 shares in the last quarter. Salzhauer Michael purchased a new position in United Parcel Service in the 3rd quarter worth approximately $31,000. Physician Wealth Advisors Inc. grew its position in United Parcel Service by 76.5% in the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company's stock valued at $31,000 after acquiring an additional 163 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of United Parcel Service during the second quarter valued at approximately $34,000. Finally, Avion Wealth lifted its position in shares of United Parcel Service by 284.1% during the third quarter. Avion Wealth now owns 434 shares of the transportation company's stock worth $36,000 after purchasing an additional 321 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business's stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on UPS shares. UBS Group boosted their price target on United Parcel Service from $116.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. HSBC raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a report on Wednesday, January 28th. Truist Financial raised their price objective on shares of United Parcel Service from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Bank of America raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $114.00 target price for the company in a research report on Friday, January 9th. Finally, BMO Capital Markets lifted their price target on United Parcel Service from $105.00 to $110.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, United Parcel Service presently has a consensus rating of "Hold" and an average price target of $113.67.

United Parcel Service Stock Down 0.6%

Shares of United Parcel Service stock opened at $97.27 on Monday. The stock has a market capitalization of $82.59 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.53 and a beta of 1.08. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45. The business's 50 day simple moving average is $110.04 and its 200-day simple moving average is $98.02.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.18. The firm had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company earned $2.75 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service's payout ratio is 100.00%.

United Parcel Service Company Profile

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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