United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 69.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 14,507 shares of the transportation company's stock after purchasing an additional 5,935 shares during the quarter. Jefferies Financial Group Inc.'s holdings in United Parcel Service were worth $1,596,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Bank of Jackson Hole Trust grew its holdings in shares of United Parcel Service by 5.2% in the 1st quarter. Bank of Jackson Hole Trust now owns 2,526 shares of the transportation company's stock worth $301,000 after acquiring an additional 125 shares during the last quarter. King Wealth Management Group grew its holdings in shares of United Parcel Service by 274.9% in the 1st quarter. King Wealth Management Group now owns 7,746 shares of the transportation company's stock worth $852,000 after acquiring an additional 5,680 shares during the last quarter. Cordatus Wealth Management LLC grew its holdings in shares of United Parcel Service by 5.3% in the 1st quarter. Cordatus Wealth Management LLC now owns 13,022 shares of the transportation company's stock worth $1,432,000 after acquiring an additional 657 shares during the last quarter. Atlas Wealth LLC grew its holdings in shares of United Parcel Service by 15.8% in the 1st quarter. Atlas Wealth LLC now owns 3,186 shares of the transportation company's stock worth $350,000 after acquiring an additional 435 shares during the last quarter. Finally, Hoxton Planning & Management LLC acquired a new position in shares of United Parcel Service in the 1st quarter worth $202,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

NYSE UPS opened at $84.54 on Monday. United Parcel Service, Inc. has a fifty-two week low of $84.28 and a fifty-two week high of $145.01. The stock's 50-day moving average is $99.32 and its two-hundred day moving average is $105.82. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.09. The firm has a market cap of $71.59 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.12.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results 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). 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 last year, the business earned $1.79 earnings per share. United Parcel Service's quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.8%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 97.62%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UPS. Bank of America restated a "neutral" rating and issued a $98.00 target price on shares of United Parcel Service in a report on Tuesday, July 29th. Truist Financial decreased their target price on United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Stephens decreased their target price on United Parcel Service from $110.00 to $101.00 in a report on Wednesday, April 30th. Bernstein Bank lifted their target price on United Parcel Service from $132.00 to $133.00 in a report on Wednesday, April 30th. Finally, Argus decreased their target price on United Parcel Service from $150.00 to $120.00 in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $112.81.

Insider Activity

In related news, Director William R. Johnson bought 5,000 shares of the business's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the business's stock in a transaction on Friday, August 1st. The shares were bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer 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 disclosure for this purchase can be found here. 0.13% of the stock is owned by company insiders.

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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