Northeast Investment Management Sells 8,786 Shares of United Parcel Service, Inc. $UPS

Key Points

• Northeast Investment Management reduced its stake in United Parcel Service, Inc. by 69.7% during the second quarter, selling 8,786 shares and bringing its holdings down to 3,820 shares valued at $386,000.
• Insiders have shown increased confidence in UPS, with Director William R. Johnson purchasing 5,000 shares and CEO Carol B. Tome acquiring 11,682 shares, reflecting substantial increases of 96.90% and 89.61%, respectively.
• Research analysts have mixed sentiments on UPS; while Stifel Nicolaus set a target price of $120.00 with a "buy" rating, Wall Street Zen downgraded the stock to a "sell," indicating a divided outlook among analysts.

Northeast Investment Management lowered its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 69.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,820 shares of the transportation company's stock after selling 8,786 shares during the quarter. Northeast Investment Management's holdings in United Parcel Service were worth $386,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Graybill Wealth Management LTD. bought a new position in United Parcel Service in the first quarter valued at $26,000. Citizens National Bank Trust Department increased its stake in 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 acquiring an additional 210 shares during the last quarter. Hemington Wealth Management increased its stake in 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 acquiring an additional 115 shares during the last quarter. Saudi Central Bank bought a new position in United Parcel Service in the first quarter valued at $32,000. Finally, Flaharty Asset Management LLC bought a new position in United Parcel Service in the first quarter valued at $33,000. Institutional investors own 60.26% of the company's stock.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the business's stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction dated Friday, August 1st. The shares were acquired 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. The trade was a 89.61% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UPS shares. Stifel Nicolaus reduced their target price on United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Wall Street Zen cut United Parcel Service from a "hold" rating to a "sell" rating in a research note on Saturday, September 20th. BNP Paribas raised United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Truist Financial reduced their price objective on United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Finally, Galvan Research reduced their price objective on United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $109.31.

United Parcel Service Stock Performance

Shares of UPS stock opened at $86.48 on Monday. The firm has a market capitalization of $73.30 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.60 and a beta of 1.10. The stock has a fifty day moving average of $85.58 and a 200 day moving average of $93.41. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. 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 earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion for 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%. The company's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.79 EPS. 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 Announces Dividend

The company also recently disclosed 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 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's payout ratio is presently 97.62%.

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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