NorthRock Partners LLC Acquires 6,711 Shares of United Parcel Service, Inc. $UPS

Key Points

• NorthRock Partners LLC increased its holdings in United Parcel Service, acquiring an additional 6,711 shares, raising total ownership by 59.3% in the second quarter.
• CEO Carol B. Tome purchased 11,682 shares of UPS stock, marking a significant increase in insider ownership alongside other board member acquisitions.
• Research firms have issued a mix of ratings for UPS, with an average rating of "Hold" and a consensus price target of $109.31, indicating cautious optimism among analysts.

NorthRock Partners LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 59.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,030 shares of the transportation company's stock after purchasing an additional 6,711 shares during the quarter. NorthRock Partners LLC's holdings in United Parcel Service were worth $1,820,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UPS. Graybill Wealth Management LTD. bought a new stake in United Parcel Service during the 1st quarter valued at $26,000. Citizens National Bank Trust Department boosted its holdings in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after acquiring an additional 210 shares during the last quarter. Hemington Wealth Management boosted its holdings in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after acquiring an additional 115 shares during the last quarter. Saudi Central Bank purchased a new position in United Parcel Service during the 1st quarter worth $32,000. Finally, Flaharty Asset Management LLC purchased a new position in United Parcel Service during the 1st quarter worth $33,000. Institutional investors own 60.26% of the company's stock.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome acquired 11,682 shares of the company's stock in a transaction on Friday, August 1st. The shares were acquired at an average cost 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 in the company, valued at $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christiana Smith Shi acquired 500 shares of the company's stock in a transaction on Friday, August 22nd. The shares were acquired 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 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 disclosure for this purchase can be found here. Insiders have acquired a total of 17,182 shares of company stock valued at $1,477,382 over the last three months. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UPS. Vertical Research reaffirmed a "hold" rating and set a $103.00 price objective on shares of United Parcel Service in a report on Wednesday, July 30th. Morgan Stanley cut their price objective 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. Truist Financial cut their price objective 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. Citigroup cut their price target on shares of United Parcel Service from $114.00 to $112.00 and set a "buy" rating on the stock in a report on Monday. Finally, Stifel Nicolaus cut their price target on shares of United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. One 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $109.31.

United Parcel Service Price Performance

NYSE UPS opened at $83.20 on Tuesday. The company has a market cap of $70.51 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. 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. The firm's 50-day simple moving average is $85.70 and its two-hundred day simple moving average is $94.04.

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 the consensus estimate of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to analysts' expectations 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 for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.79 earnings per share. Research analysts predict 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 disclosed 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. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.9%. United Parcel Service's dividend payout ratio is 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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