United Parcel Service, Inc. $UPS Shares Acquired by Clark & Stuart Inc

Key Points

• Clark & Stuart Inc increased its holdings in United Parcel Service by 5.8% during the second quarter, now owning 62,478 shares valued at approximately $6.31 million.
• United Parcel Service reported earnings per share of $1.55 for the last quarter, missing analyst estimates, while its revenue was $21.20 billion, surpassing expectations.
• The company announced a quarterly dividend of $1.64 per share, resulting in an annualized dividend yield of 7.6% and a high payout ratio of 97.62%.

Clark & Stuart Inc grew its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,478 shares of the transportation company's stock after purchasing an additional 3,450 shares during the period. United Parcel Service comprises 4.7% of Clark & Stuart Inc's portfolio, making the stock its 8th largest holding. Clark & Stuart Inc's holdings in United Parcel Service were worth $6,307,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service during the 1st quarter valued at about $26,000. Citizens National Bank Trust Department raised its holdings in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after acquiring an additional 210 shares during the period. Hemington Wealth Management boosted its stake in 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 purchasing an additional 115 shares during the period. Saudi Central Bank bought a new stake in shares of United Parcel Service in the first quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in United Parcel Service in the 1st quarter worth $33,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Down 0.2%

United Parcel Service stock opened at $86.61 on Tuesday. The company has a 50 day moving average of $85.91 and a 200-day moving average of $94.97. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The stock has a market capitalization of $73.41 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The firm 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%. The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.79 earnings per share. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal 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 given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service's payout ratio is 97.62%.

Insider Activity at United Parcel Service

In related news, Director Christiana Smith Shi purchased 500 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction that occurred 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 acquisition, the chief executive officer owned 24,718 shares of the company's stock, valued at $2,117,591.06. The trade was a 89.61% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 17,182 shares of company stock valued at $1,477,382. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Evercore ISI lowered their price objective on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a research report on Wednesday, July 30th. Stifel Nicolaus reduced their target price on United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Weiss Ratings reissued a "sell (d+)" rating on shares of United Parcel Service in a report on Saturday, September 27th. Barclays lowered 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. Finally, BNP Paribas raised shares of United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $110.16.

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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