Kingstone Capital Partners Texas LLC Buys New Shares in United Parcel Service, Inc. $UPS

Key Points

• Kingstone Capital Partners Texas LLC has acquired 87,399 shares of United Parcel Service, Inc. (UPS), valued at approximately $8.8 million, marking a new investment during the second quarter.
• UPS reported earnings per share (EPS) of $1.55 for the last quarter, which fell short of analysts' expectations of $1.56, while revenues were up to $21.2 billion, surpassing predictions.
• The company's board declared a $1.64 quarterly dividend, equating to an annualized yield of 7.8% with a payout ratio of 97.62%.

Kingstone Capital Partners Texas LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 87,399 shares of the transportation company's stock, valued at approximately $8,822,000.

Several other institutional investors also recently made changes to their positions in UPS. Brighton Jones LLC grew its holdings in shares of United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Woodline Partners LP bought a new position in shares of United Parcel Service during the fourth quarter valued at approximately $2,769,000. Vise Technologies Inc. grew its holdings in shares of United Parcel Service by 4.3% during the fourth quarter. Vise Technologies Inc. now owns 13,739 shares of the transportation company's stock valued at $1,732,000 after purchasing an additional 565 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service during the fourth quarter valued at approximately $28,000. Finally, Parr Mcknight Wealth Management Group LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $265,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 0.3%

NYSE:UPS traded up $0.23 during trading hours on Tuesday, reaching $84.46. The company's stock had a trading volume of 4,051,264 shares, compared to its average volume of 6,691,333. The company has a market cap of $71.58 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The business's 50-day moving average is $89.16 and its 200-day moving average is $97.24. 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 issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.79 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

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

Insider Buying and Selling at United Parcel Service

In other news, Director Christiana Smith Shi purchased 500 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares of the company's stock, valued at approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carol B. Tome purchased 11,682 shares of the firm's stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares of the company's stock, valued at approximately $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. Insiders bought 17,182 shares of company stock worth $1,477,382 over the last ninety days. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UPS. Morgan Stanley reduced their price objective on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a research report on Wednesday, July 30th. Susquehanna reduced their price objective 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. Truist Financial reduced their price objective on United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Wolfe Research cut their target price on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a research report on Tuesday, July 1st. Finally, Oppenheimer cut their target price on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, July 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 three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $111.44.

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.