Monetary Management Group Inc. Buys 10,795 Shares of United Parcel Service, Inc. $UPS

Key Points

• Monetary Management Group Inc. significantly increased its stake in United Parcel Service, acquiring an additional 10,795 shares, bringing its total holdings to 11,391 shares worth $1.25 million.
• United Parcel Service recently reported earnings that missed analyst expectations, with an EPS of $1.55 compared to the consensus estimate of $1.56, while revenue reached $21.20 billion.
• The company announced a quarterly dividend of $1.64 per share, resulting in a 7.6% annualized yield, with a high dividend payout ratio of 97.62%.

Monetary Management Group Inc. raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1,811.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,391 shares of the transportation company's stock after acquiring an additional 10,795 shares during the period. Monetary Management Group Inc.'s holdings in United Parcel Service were worth $1,253,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Colonial Trust Co SC grew its position in United Parcel Service by 1.4% during the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock valued at $911,000 after acquiring an additional 98 shares during the last quarter. Juncture Wealth Strategies LLC grew its holdings in shares of United Parcel Service by 2.5% in the first quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock worth $454,000 after purchasing an additional 101 shares during the last quarter. TCV Trust & Wealth Management Inc. grew its holdings in shares of United Parcel Service by 1.4% in the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock worth $830,000 after purchasing an additional 103 shares during the last quarter. Diligent Investors LLC grew its holdings in shares of United Parcel Service by 1.7% in the fourth quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company's stock worth $848,000 after purchasing an additional 111 shares during the last quarter. Finally, Lodestone Wealth Management LLC grew its holdings in shares of United Parcel Service by 6.2% in the first 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 last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of UPS stock opened at $86.1620 on Friday. The stock has a fifty day moving average of $96.11 and a 200 day moving average of $102.16. 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 $73.03 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.60 and a beta of 1.12. 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 announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. During the same period in the previous year, the business earned $1.79 EPS. The business's revenue was down 2.7% compared to the same quarter last year. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be given 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 7.6%. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UPS. Citigroup cut their target price 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. Truist Financial cut their target price on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. UBS Group cut their target price on shares of United Parcel Service from $124.00 to $118.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley cut their target price on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and a consensus price target of $112.81.

Insider Buying and Selling at United Parcel Service

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

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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