Revisor Wealth Management LLC Acquires New Stake in United Parcel Service, Inc. $UPS

Key Points

• Revisor Wealth Management LLC acquired a new stake in United Parcel Service, Inc., purchasing 4,404 shares valued at approximately $453,000 during the second quarter.
• United Parcel Service reported earnings per share of $1.55 for the last quarter, slightly missing analysts' estimates, while revenue was reported at $21.20 billion, exceeding expectations.
• The company recently declared a quarterly dividend of $1.64 per share, resulting in an annualized yield of 7.8% and a payout ratio of 97.62%.

Revisor Wealth Management LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,404 shares of the transportation company's stock, valued at approximately $453,000.

Other hedge funds have also made changes to their positions in the company. Graybill Wealth Management LTD. acquired a new position in United Parcel Service in the first quarter worth approximately $26,000. Citizens National Bank Trust Department grew its position 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 worth $27,000 after buying an additional 210 shares during the last quarter. Hemington Wealth Management grew its position in United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after buying an additional 115 shares during the last quarter. Saudi Central Bank acquired a new position in United Parcel Service in the first quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new position in United Parcel Service in the first quarter worth approximately $33,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of UPS opened at $84.35 on Wednesday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The firm has a market capitalization of $71.50 billion, a PE ratio of 12.55, a PEG ratio of 1.55 and a beta of 1.08. The company's 50-day moving average is $88.86 and its 200-day moving average is $97.15. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly 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). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter in the previous year, the business posted $1.79 earnings per share. The company's revenue for the quarter was down 2.7% on a year-over-year basis. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Monday, August 18th. United Parcel Service's payout ratio is 97.62%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Morgan Stanley decreased their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a research note on Wednesday, July 30th. Susquehanna cut their price target on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th. Oppenheimer dropped their target price on shares of 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 objective (down previously from $91.00) on shares of United Parcel Service in a report on Thursday, September 11th. Finally, Galvan Research decreased their target price on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $111.44.

Insider Buying and Selling at United Parcel Service

In related news, CEO Carol B. Tome purchased 11,682 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were bought 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.