Kera Capital Partners Inc. Has $346,000 Stock Holdings in United Parcel Service, Inc. $UPS

Key Points

• Kera Capital Partners Inc. reduced its holdings in United Parcel Service (UPS) by 87.1%, now owning 3,425 shares valued at approximately $346,000.
• Insider transactions showed CEO Carol B. Tome purchasing 11,682 shares for about $1 million, indicating confidence in the company's future.
• Analyst ratings for UPS have recently been mixed, with price targets lowered by several firms, reflecting cautious sentiment about the company's performance.

Kera Capital Partners Inc. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 87.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,425 shares of the transportation company's stock after selling 23,058 shares during the period. Kera Capital Partners Inc.'s holdings in United Parcel Service were worth $346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $28,000. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service in the first quarter valued at about $26,000. Citizens National Bank Trust Department raised its holdings in shares of United Parcel Service by 525.0% in the first 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 last quarter. Finally, Hemington Wealth Management raised its holdings in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Insider Transactions at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome acquired 11,682 shares of the stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost 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 $2,117,591.06. The trade was a 89.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christiana Smith Shi acquired 500 shares of the stock in a transaction dated Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the acquisition, the director owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

UPS has been the subject of several analyst reports. Evercore ISI lowered their target price on shares of United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Morgan Stanley decreased their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a report on Wednesday, July 30th. Susquehanna decreased their price objective on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. Finally, UBS Group decreased their price objective on shares of United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of "Hold" and a consensus target price of $112.34.

United Parcel Service Price Performance

UPS stock opened at $84.40 on Friday. The firm has a 50 day moving average of $91.22 and a 200-day moving average of $98.84. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The firm has a market capitalization of $71.53 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The firm had revenue of $21.20 billion during 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%. United Parcel Service's revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.79 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Monday, August 18th. United Parcel Service's payout ratio is presently 97.62%.

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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