Seamount Financial Group Inc. Purchases New Shares in United Parcel Service, Inc. $UPS

Key Points

• Seamount Financial Group Inc. purchased 3,975 shares of United Parcel Service, Inc. (UPS) valued at approximately $401,000 during the 2nd quarter, indicating growing investor interest in the company.
• UPS reported earnings per share (EPS) of $1.55 for the last quarter, slightly missing analyst expectations, while the company achieved a revenue of $21.20 billion, exceeding forecasts.
• The company recently declared a quarterly dividend of $1.64 per share, representing a yield of 7.6% with a high dividend payout ratio of 97.62%.

Seamount Financial Group Inc. acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,975 shares of the transportation company's stock, valued at approximately $401,000.

A number of other large investors have also recently made changes to their positions in UPS. Graybill Wealth Management LTD. bought a new position in shares of United Parcel Service in the 1st quarter valued at about $26,000. Citizens National Bank Trust Department raised its position in 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 purchasing an additional 210 shares during the period. Hemington Wealth Management lifted its stake in shares of United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. Saudi Central Bank bought a new stake in shares of United Parcel Service in the 1st quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of United Parcel Service in the 1st quarter worth approximately $33,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Down 0.2%

NYSE UPS opened at $86.61 on Tuesday. The stock has a market cap of $73.41 billion, a PE ratio of 12.89, a PEG ratio of 1.60 and a beta of 1.10. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The company's 50-day moving average price is $85.91 and its 200-day moving average price is $94.97. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

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 (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. United Parcel Service's quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.79 earnings per share. Equities research 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 disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service's dividend payout ratio is 97.62%.

Insiders Place Their Bets

In other news, Director Christiana Smith Shi acquired 500 shares of United Parcel Service 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 acquisition, the director directly owned 500 shares of the company's stock, valued at $44,085. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 17,182 shares of company stock worth $1,477,382 in the last ninety days. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

UPS has been the topic of several recent research reports. Evercore ISI decreased their price target 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. BMO Capital Markets reiterated a "market perform" rating and set a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Vertical Research reaffirmed a "hold" rating and set a $103.00 price target on shares of United Parcel Service in a research note on Wednesday, July 30th. Finally, BNP Paribas Exane upgraded 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 report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $110.16.

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.

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