Savvy Advisors Inc. Increases Position in United Parcel Service, Inc. (NYSE:UPS)

Key Points

• Savvy Advisors Inc. increased its position in United Parcel Service, Inc. (UPS) by 264.9%, owning 9,484 shares valued at approximately $1,043,000 after acquiring additional shares in the first quarter.
• United Parcel Service announced a quarterly dividend of $1.64 per share, with a yield of 7.6% and a high dividend payout ratio of 97.62%.
• Analysts have mixed ratings for UPS, with a consensus rating of "Hold" and an average target price of $112.81, reflecting fluctuating price objectives set by various investment firms.

Savvy Advisors Inc. lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 264.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,484 shares of the transportation company's stock after acquiring an additional 6,885 shares during the quarter. Savvy Advisors Inc.'s holdings in United Parcel Service were worth $1,043,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of UPS. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service during the first quarter worth about $26,000. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $27,000. Citizens National Bank Trust Department increased its position 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 worth $27,000 after acquiring an additional 210 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in United Parcel Service in the fourth quarter valued at about $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the subject of several research analyst reports. BNP Paribas Exane raised United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective for the company in a report on Thursday, July 3rd. Galvan Research lowered their price objective on United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a report on Monday, June 30th. TD Cowen lowered their price objective on United Parcel Service from $117.00 to $107.00 in a report on Wednesday, April 30th. HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and lowered their price objective for the company from $140.00 to $105.00 in a report on Thursday, May 1st. Finally, Loop Capital lowered their price objective on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $112.81.

United Parcel Service Stock Performance

UPS opened at $86.65 on Friday. The company has a market capitalization of $73.38 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.09. United Parcel Service, Inc. has a 1-year low of $84.28 and a 1-year high of $145.01. The business has a 50 day moving average price of $98.23 and a two-hundred day moving average price of $104.63.

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 for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%. The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.79 earnings per share. Research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be paid 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 7.6%. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Insider Buying and Selling at United Parcel Service

In related news, CEO Carol B. Tome bought 11,682 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William R. Johnson bought 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the transaction, the director directly owned 10,160 shares of the company's stock, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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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