United Parcel Service, Inc. $UPS Shares Sold by InvesTrust

Key Points

• InvesTrust sold 26,906 shares of United Parcel Service, Inc., reducing its holdings by 68% to 12,677 shares valued at $1.28 million.
• Analysts have recently adjusted price targets for UPS, with ratings varying from "underperform" to "buy", resulting in a consensus target price of $112.34.
• United Parcel Service declared a quarterly dividend of $1.64, reflecting an annualized payout of $6.56 and a yield of 7.8%, with a high payout ratio of 97.62%.

InvesTrust decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 68.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,677 shares of the transportation company's stock after selling 26,906 shares during the period. InvesTrust's holdings in United Parcel Service were worth $1,280,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in UPS. Juncture Wealth Strategies LLC raised its holdings in United Parcel Service by 2.5% during the first quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock valued at $454,000 after acquiring an additional 101 shares during the period. First Dallas Securities Inc. grew its position in shares of United Parcel Service by 0.9% during the first quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company's stock worth $1,256,000 after purchasing an additional 102 shares in the last quarter. TCV Trust & Wealth Management Inc. raised its stake in United Parcel Service by 1.4% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock valued at $830,000 after purchasing an additional 103 shares during the period. Fortis Capital Advisors LLC lifted its holdings in United Parcel Service by 3.4% in the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company's stock worth $350,000 after purchasing an additional 104 shares in the last quarter. Finally, Lodestone Wealth Management LLC boosted its stake in United Parcel Service by 6.2% in the 1st quarter. Lodestone Wealth Management LLC now owns 1,895 shares of the transportation company's stock worth $208,000 after purchasing an additional 111 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.3%

NYSE UPS traded down $0.28 on Monday, reaching $84.07. 6,372,705 shares of the stock traded hands, compared to its average volume of 7,586,710. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The company has a market cap of $71.26 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.55 and a beta of 1.08. The company has a fifty day moving average price of $91.22 and a 200-day moving average price of $98.71. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $20.90 billion. During the same quarter in the prior year, the business posted $1.79 EPS. The business's quarterly revenue was down 2.7% on a year-over-year basis. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is 97.62%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UPS. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective on the stock in a research report on Thursday, July 3rd. Argus reduced their price target on shares of United Parcel Service from $150.00 to $120.00 in a report on Friday, May 23rd. Wolfe Research dropped their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a report on Tuesday, July 1st. Vertical Research restated a "hold" rating and set a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. Finally, Susquehanna lowered their target price on United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $112.34.

Insider Activity

In related news, CEO Carol B. Tome purchased 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The stock was purchased 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 owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christiana Smith Shi acquired 500 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares in the company, valued at $44,085. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by company insiders.

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.