Oarsman Capital Inc. Has $1.05 Million Holdings in United Parcel Service, Inc. $UPS

Key Points

• Oarsman Capital Inc. increased its stake in United Parcel Service (UPS) by an impressive 1,088.9%, now holding 9,499 shares valued at approximately $1.05 million.
• Recent insider activity saw Director William R. Johnson purchase 5,000 shares and CEO Carol B. Tome acquire 11,682 shares, reflecting significant increases in their ownership percentages of 96.90% and 89.61%, respectively.
• UPS has declared a quarterly dividend of $1.64 per share, translating to an annualized dividend yield of 7.5%, with a payout ratio of 97.62%.

Oarsman Capital Inc. raised its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1,088.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,499 shares of the transportation company's stock after acquiring an additional 8,700 shares during the period. Oarsman Capital Inc.'s holdings in United Parcel Service were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Gallacher Capital Management LLC bought a new position in United Parcel Service in the first quarter valued at approximately $620,000. Garde Capital Inc. bought a new position in United Parcel Service during the 1st quarter worth about $37,000. Golden State Wealth Management LLC raised its stake in shares of United Parcel Service by 61.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock valued at $173,000 after purchasing an additional 599 shares during the period. CWA Asset Management Group LLC lifted its holdings in shares of United Parcel Service by 5.9% in the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after purchasing an additional 193 shares in the last quarter. Finally, Advisor Resource Council acquired a new position in shares of United Parcel Service during the first quarter worth about $437,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Oppenheimer dropped their target price on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Argus lowered their price objective on shares of United Parcel Service from $150.00 to $120.00 in a report on Friday, May 23rd. Wells Fargo & Company cut their price objective on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 30th. Redburn Atlantic decreased their target price on shares of United Parcel Service from $137.00 to $117.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target on the stock in a research report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $112.81.

Insider Activity at United Parcel Service

In related news, CEO Carol B. Tome purchased 11,682 shares of the stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christiana Smith Shi acquired 500 shares of the business's stock in a transaction on Friday, August 22nd. The shares were bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, 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 disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 17,182 shares of company stock worth $1,477,382. Insiders own 0.13% of the company's stock.

United Parcel Service Stock Performance

Shares of UPS stock traded up $0.27 during trading on Friday, reaching $87.54. 6,834,049 shares of the company's stock were exchanged, compared to its average volume of 8,279,527. United Parcel Service, Inc. has a twelve month low of $84.28 and a twelve month high of $145.01. The firm's fifty day moving average price is $94.68 and its 200-day moving average price is $101.11. 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 stock has a market capitalization of $74.20 billion, a PE ratio of 13.03, a PEG ratio of 1.60 and a beta of 1.12.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (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 business earned $1.79 EPS. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be issued 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 dividend yield of 7.5%. 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.