Smith Chas P & Associates PA Cpas Purchases 15,465 Shares of United Parcel Service, Inc. $UPS

Key Points

• Smith Chas P & Associates PA Cpas increased its stake in United Parcel Service (UPS) by 6.5% during the 2nd quarter, acquiring an additional 15,465 shares, which brings its total holdings to 253,667 shares valued at $25.6 million.
• Numerous analysts have downgraded their price targets for UPS, with Barclays lowering their target from $90 to $80, indicating a trend of cautious outlook from multiple institutions.
• UPS recently declared a quarterly dividend of $1.64, resulting in an annual yield of 7.8%, with a dividend payout ratio of 97.62%.

Smith Chas P & Associates PA Cpas increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 253,667 shares of the transportation company's stock after buying an additional 15,465 shares during the quarter. Smith Chas P & Associates PA Cpas' holdings in United Parcel Service were worth $25,605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Graybill Wealth Management LTD. bought a new position in United Parcel Service in the first quarter valued at approximately $26,000. Citizens National Bank Trust Department lifted its position in United Parcel Service by 525.0% in the 1st 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 in the last quarter. Hemington Wealth Management boosted its stake in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after purchasing an additional 115 shares during the period. Saudi Central Bank bought a new position in United Parcel Service during the 1st quarter worth about $32,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of United Parcel Service during the first quarter worth about $33,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPS has been the subject of a number of analyst reports. Barclays decreased their price target on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company cut their price target on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 30th. UBS Group dropped their target price on shares of United Parcel Service from $124.00 to $118.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Truist Financial reduced their price target on United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Finally, Oppenheimer cut their price objective on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $111.38.

Insider Buying and Selling at United Parcel Service

In related news, Director Christiana Smith Shi bought 500 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 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 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 in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 17,182 shares of company stock worth $1,477,382 over the last quarter. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

United Parcel Service stock opened at $83.74 on Monday. The stock's fifty day moving average price is $87.90 and its two-hundred day moving average price is $96.32. The firm has a market cap of $70.98 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08. 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, Inc. has a one year low of $82.00 and a one year high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last posted 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). The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.79 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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