Truvestments Capital LLC Buys 15,033 Shares of United Parcel Service, Inc. $UPS

Key Points

• Truvestments Capital LLC increased its stake in United Parcel Service (UPS) by 67.3%, now owning a total of 37,363 shares valued at approximately $4.11 million.
• CEO Carol B. Tome purchased 11,682 shares at around $85.67 each, while Director William R. Johnson bought 5,000 shares at $86.50, significantly increasing their ownership percentages.
• UPS announced a quarterly dividend of $1.64 per share, providing a yield of 7.5%, with a payout ratio of 97.62%.

Truvestments Capital LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 67.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,363 shares of the transportation company's stock after purchasing an additional 15,033 shares during the quarter. Truvestments Capital LLC's holdings in United Parcel Service were worth $4,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pinney & Scofield Inc. acquired a new position in United Parcel Service in the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service in the fourth quarter valued at about $28,000. Graybill Wealth Management LTD. acquired a new position in United Parcel Service in the first quarter valued at about $26,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in United Parcel Service in the fourth quarter valued at about $31,000. Finally, Citizens National Bank Trust Department grew 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 valued at $27,000 after acquiring an additional 210 shares during the period. Institutional investors own 60.26% of the company's stock.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome acquired 11,682 shares of the company's stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William R. Johnson acquired 5,000 shares of the company's stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director directly owned 10,160 shares of the company's stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 17,182 shares of company stock worth $1,477,382 over the last 90 days. Company insiders own 0.13% of the company's stock.

United Parcel Service Stock Performance

UPS opened at $87.48 on Wednesday. United Parcel Service, Inc. has a 52-week low of $84.28 and a 52-week high of $145.01. The firm has a market capitalization of $74.15 billion, a PE ratio of 13.02, a PEG ratio of 1.61 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The business's 50-day simple moving average is $95.38 and its 200 day simple moving average is $101.57.

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 business had revenue of $21.20 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $1.79 EPS. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be paid a $1.64 dividend. The ex-dividend date is Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.5%. United Parcel Service's dividend payout ratio is currently 97.62%.

Analyst Ratings Changes

A number of research firms have issued reports on UPS. Barclays decreased their target price 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. Argus decreased their target price on United Parcel Service from $150.00 to $120.00 in a research note on Friday, May 23rd. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and decreased their target price for the company from $140.00 to $105.00 in a research note on Thursday, May 1st. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Citigroup reduced their price objective on United Parcel Service from $127.00 to $114.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $112.81.

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.

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.