Postrock Partners LLC Makes New $1.52 Million Investment in United Parcel Service, Inc. $UPS

Key Points

• Postrock Partners LLC has invested approximately $1.52 million in United Parcel Service, acquiring 15,101 shares, which makes up 0.7% of its portfolio.
• Following recent earnings reports, Wall Street analysts have set a consensus rating of "Hold" for UPS, with an average price target of $111.44, despite varied ratings from different brokerages.
• United Parcel Service announced a quarterly dividend of $1.64 per share, resulting in an annualized dividend yield of 7.8%, though its payout ratio stands at 97.62%.

Postrock Partners LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,101 shares of the transportation company's stock, valued at approximately $1,524,000. United Parcel Service makes up 0.7% of Postrock Partners LLC's holdings, making the stock its 27th largest holding.

Several other hedge funds also recently modified their holdings of UPS. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service during the 1st quarter worth approximately $26,000. Citizens National Bank Trust Department raised its stake in shares of United Parcel Service by 525.0% during 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 raised its stake in shares of United Parcel Service by 68.9% during 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 acquired a new position in shares of United Parcel Service during the first quarter worth $32,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service in the first quarter worth $33,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UPS. Evercore ISI cut their target price on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. BNP Paribas upgraded United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Oppenheimer reduced their target price on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Bank of America restated an "underperform" rating and set a $83.00 price target (down previously from $91.00) on shares of United Parcel Service in a report on Thursday, September 11th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $96.00 price target (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $111.44.

United Parcel Service Stock Performance

Shares of UPS stock opened at $83.98 on Thursday. The firm has a 50 day moving average of $88.55 and a 200-day moving average of $97.06. The company has a market cap of $71.18 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. 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 52 week low of $82.00 and a 52 week high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) 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 analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm's revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.79 EPS. On average, equities analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Insider Activity at United Parcel Service

In other news, Director Christiana Smith Shi purchased 500 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of the business's stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director owned 10,160 shares of the company's stock, valued at approximately $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders bought 17,182 shares of company stock valued at $1,477,382 in the last three months. Corporate insiders own 0.13% of the company's stock.

About United Parcel Service

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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