United Parcel Service, Inc. $UPS Stock Position Lifted by Sowell Financial Services LLC

Key Points

• Sowell Financial Services LLC increased its stake in United Parcel Service, Inc. by 8.4% during the 2nd quarter, owning a total of 80,509 shares worth approximately $8.13 million.
• UPS reported a quarterly EPS of $1.55, missing analysts' estimates by $0.01, while revenue was $21.20 billion, exceeding expectations.
• The company recently declared a quarterly dividend of $1.64, which gives an annualized dividend yield of 7.8% despite a high dividend payout ratio of 97.62%.

Sowell Financial Services LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,509 shares of the transportation company's stock after buying an additional 6,238 shares during the period. Sowell Financial Services LLC's holdings in United Parcel Service were worth $8,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service during the 1st quarter worth $26,000. Pinney & Scofield Inc. bought a new stake in United Parcel Service in the fourth quarter worth $27,000. Citizens National Bank Trust Department lifted its stake 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 purchasing an additional 210 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in United Parcel Service in the fourth quarter worth $28,000. Finally, Hemington Wealth Management lifted its stake 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 purchasing an additional 115 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Parcel Service news, CEO Carol B. Tome purchased 11,682 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christiana Smith Shi purchased 500 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was 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 of the company's stock, valued at approximately $44,085. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 17,182 shares of company stock valued at $1,477,382 over the last three months. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on UPS shares. Wolfe Research lowered their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a research note on Tuesday, July 1st. Evercore ISI cut their price objective on shares of 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. Wall Street Zen cut shares of United Parcel Service from a "hold" rating to a "sell" rating in a report on Saturday. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Finally, BNP Paribas upgraded shares of United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. 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's stock. According to MarketBeat, United Parcel Service presently has an average rating of "Hold" and an average price target of $111.44.

United Parcel Service Stock Up 0.4%

Shares of United Parcel Service stock traded up $0.37 on Monday, hitting $84.43. 10,216,923 shares of the company's stock traded hands, compared to its average volume of 6,707,096. The stock has a market cap of $71.56 billion, a P/E ratio of 12.56, a PEG ratio of 1.55 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. The firm's 50-day moving average is $89.48 and its 200 day moving average is $97.50. 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 posted its quarterly earnings results 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 firm 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 business's revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.79 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given 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 7.8%. United Parcel Service's dividend payout ratio (DPR) is currently 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.