KLCM Advisors Inc. Raises Holdings in United Parcel Service, Inc. (NYSE:UPS)

KLCM Advisors Inc. lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 565.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,428 shares of the transportation company's stock after purchasing an additional 126,130 shares during the period. United Parcel Service comprises approximately 1.9% of KLCM Advisors Inc.'s holdings, making the stock its 17th biggest holding. KLCM Advisors Inc.'s holdings in United Parcel Service were worth $16,326,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UPS. Goldman Sachs Group Inc. grew its stake in United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock worth $991,132,000 after acquiring an additional 4,988,044 shares during the period. Pacer Advisors Inc. grew its stake in United Parcel Service by 1,056.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock worth $476,936,000 after acquiring an additional 3,961,255 shares during the period. Nuveen LLC purchased a new stake in United Parcel Service in the 1st quarter worth approximately $201,358,000. Charles Schwab Investment Management Inc. grew its stake in United Parcel Service by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock worth $2,754,751,000 after acquiring an additional 1,780,807 shares during the period. Finally, Castlekeep Investment Advisors LLC purchased a new stake in United Parcel Service in the 4th quarter worth approximately $145,846,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director William R. Johnson purchased 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director directly owned 10,160 shares of the company's stock, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Trading Up 0.8%

United Parcel Service stock opened at $88.17 on Thursday. United Parcel Service, Inc. has a 52-week low of $84.28 and a 52-week high of $145.01. The firm has a market capitalization of $74.66 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.59 and a beta of 1.12. The firm has a 50-day moving average price of $97.59 and a two-hundred day moving average price of $103.68. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS - Get Free Report) last released its 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 business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same period in the prior year, the company earned $1.79 earnings per share. The firm's revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.4%. United Parcel Service's dividend payout ratio is currently 97.62%.

Analyst Ratings Changes

UPS has been the subject of several recent analyst reports. Truist Financial lowered their target price on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Jefferies Financial Group decreased their price target on shares of United Parcel Service from $150.00 to $130.00 in a report on Wednesday, April 30th. Citigroup decreased their price target on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, Galvan Research decreased their price target on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, June 30th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $112.81.

United Parcel Service 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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