OLD Point Trust & Financial Services N A Has $1.97 Million Position in United Parcel Service, Inc. $UPS

Key Points

• OLD Point Trust & Financial Services N A reduced its position in United Parcel Service by 14.4%, owning 19,551 shares valued at approximately $1.97 million after selling 3,286 shares in the second quarter.
• Several institutional investors, including Consolidated Portfolio Review Corp and Emerald Advisors LLC, have recently increased their stakes in UPS, indicating ongoing interest among institutional holders.
• UPS recently announced a quarterly dividend of $1.64 per share, yielding 7.9%, and reported a net margin of 6.34% alongside earnings per share of $1.55, missing estimates by $0.01.

OLD Point Trust & Financial Services N A reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,551 shares of the transportation company's stock after selling 3,286 shares during the period. OLD Point Trust & Financial Services N A's holdings in United Parcel Service were worth $1,973,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Consolidated Portfolio Review Corp boosted its position in shares of United Parcel Service by 7.5% during the second quarter. Consolidated Portfolio Review Corp now owns 15,182 shares of the transportation company's stock worth $1,532,000 after buying an additional 1,054 shares during the period. Powers Advisory Group LLC boosted its position in shares of United Parcel Service by 4.9% during the second quarter. Powers Advisory Group LLC now owns 4,639 shares of the transportation company's stock worth $468,000 after buying an additional 216 shares during the period. Lockerman Financial Group Inc. acquired a new position in United Parcel Service during the second quarter valued at approximately $283,000. Trivium Point Advisory LLC acquired a new position in United Parcel Service during the second quarter valued at approximately $1,287,000. Finally, Emerald Advisors LLC boosted its position in United Parcel Service by 8.9% during the second quarter. Emerald Advisors LLC now owns 7,941 shares of the transportation company's stock valued at $802,000 after purchasing an additional 649 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 30th. UBS Group reduced their price target on United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Galvan Research reduced their price target on United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, June 30th. Susquehanna dropped their price objective on United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 30th. Finally, BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective on the stock in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $111.38.

Insider Activity at United Parcel Service

In related news, CEO Carol B. Tome bought 11,682 shares of the business's 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 owned 24,718 shares of the company's stock, valued at $2,117,591.06. This 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 available at this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of the business's stock in a transaction on Friday, August 22nd. The shares were bought 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 directly owned 500 shares in the company, valued at approximately $44,085. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Trading Down 1.2%

NYSE UPS opened at $83.46 on Wednesday. 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, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The company has a market cap of $70.74 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The business's fifty day moving average is $87.26 and its 200 day moving average is $96.00.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share 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 firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same period last year, the business earned $1.79 EPS. The company's revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors 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 dividend yield of 7.9%. United Parcel Service's dividend payout ratio (DPR) is 97.62%.

United Parcel Service Company 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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