United Parcel Service, Inc. $UPS Holdings Lowered by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC reduced its stake in United Parcel Service, Inc. by 11.4% in the first quarter, holding 140,234 shares valued at $15.4 million after the sale.
• United Parcel Service reported $1.55 EPS for the last quarter, slightly missing the consensus estimate and experiencing a 2.7% decline in year-over-year revenue.
• The company announced a $1.64 quarterly dividend with a yield of 7.5%, to be paid to shareholders of record on August 18th.

Evergreen Capital Management LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 11.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,234 shares of the transportation company's stock after selling 18,042 shares during the quarter. Evergreen Capital Management LLC's holdings in United Parcel Service were worth $15,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service during the fourth quarter valued at $28,000. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service during the first quarter valued at $26,000. Citizens National Bank Trust Department lifted its holdings in shares of United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after purchasing an additional 210 shares during the last quarter. Finally, Hemington Wealth Management lifted its holdings in shares of United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Performance

UPS opened at $87.25 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. The business's 50-day simple moving average is $94.91 and its 200 day simple moving average is $101.29. The firm has a market capitalization of $73.95 billion, a PE ratio of 12.98, a PEG ratio of 1.61 and a beta of 1.12. United Parcel Service, Inc. has a 52-week low of $84.28 and a 52-week high of $145.01.

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 Announces Dividend

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%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Truist Financial dropped their target price on United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. BNP Paribas raised United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Wells Fargo & Company decreased their target price on 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. Wall Street Zen lowered United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Barclays dropped their target price on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $112.81.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the company's stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares of the company's stock, valued at approximately $878,840. This represents a 96.90% 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, CEO Carol B. Tome acquired 11,682 shares of the company's stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. This trade represents a 89.61% 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 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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