Udine Wealth Management Inc. Makes New Investment in United Parcel Service, Inc. $UPS

Key Points

• Udine Wealth Management Inc. has acquired 22,140 shares of United Parcel Service, valued at approximately $2.2 million, making it the fund's 23rd largest investment with a 1.3% portfolio allocation.
• Corporate insiders have been active, with Director William R. Johnson purchasing 5,000 shares and increasing his ownership by 96.90%, reflecting confidence in the company amidst a mixed analyst outlook.
• UPS recently missed earnings expectations with an EPS of $1.55 versus the $1.56 consensus, contributing to a drop in its quarterly revenue, while the company declared a quarterly dividend yielding 7.9%.

Udine Wealth Management Inc. acquired a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,140 shares of the transportation company's stock, valued at approximately $2,235,000. United Parcel Service comprises about 1.3% of Udine Wealth Management Inc.'s investment portfolio, making the stock its 23rd largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Graybill Wealth Management LTD. purchased a new position in United Parcel Service in the first quarter worth $26,000. Citizens National Bank Trust Department lifted its position in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after buying an additional 210 shares during the last quarter. Hemington Wealth Management lifted its position in shares of United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after buying an additional 115 shares during the last quarter. Saudi Central Bank purchased a new position in shares of United Parcel Service during the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of United Parcel Service during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the acquisition, the director directly owned 10,160 shares in the company, valued at approximately $878,840. The trade was a 96.90% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christiana Smith Shi purchased 500 shares of the stock in a transaction on Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director owned 500 shares in the company, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,182 shares of company stock valued at $1,477,382 in the last 90 days. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of recent research reports. Wolfe Research dropped their price target on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 1st. Bank of America dropped their price target on United Parcel Service from $83.00 to $81.00 and set an "underperform" rating on the stock in a research report on Friday, September 26th. Stifel Nicolaus dropped their price target on United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Wall Street Zen cut United Parcel Service from a "hold" rating to a "sell" rating in a research report on Saturday, September 20th. Finally, UBS Group dropped their price target on United Parcel Service from $118.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned 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 price target of $109.38.

United Parcel Service Stock Performance

NYSE:UPS opened at $82.97 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The firm has a market cap of $70.32 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.53 and a beta of 1.10. The business's fifty day moving average is $85.74 and its 200 day moving average is $94.34.

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

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.9%. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

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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