Clarkston Capital Partners LLC Increases Holdings in United Parcel Service, Inc. $UPS

Key Points

• Clarkston Capital Partners LLC increased its stake in United Parcel Service, Inc. by 38.3%, owning 290,299 shares valued at approximately $31.93 million.
• CEO Carol B. Tome purchased 11,682 shares of UPS stock for about $1 million, resulting in a 89.61% increase in her position.
• UPS announced a quarterly dividend of $1.64 per share, equating to an annualized dividend yield of 7.5%, scheduled for payment on September 4th.

Clarkston Capital Partners LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 38.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,299 shares of the transportation company's stock after acquiring an additional 80,413 shares during the period. Clarkston Capital Partners LLC's holdings in United Parcel Service were worth $31,930,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Channing Capital Management LLC bought a new position in shares of United Parcel Service during the first quarter valued at about $6,676,000. CW Advisors LLC raised its holdings in shares of United Parcel Service by 209.1% in the 1st quarter. CW Advisors LLC now owns 32,759 shares of the transportation company's stock worth $3,648,000 after purchasing an additional 22,161 shares during the period. Summit Financial LLC lifted its stake in United Parcel Service by 27.7% in the first quarter. Summit Financial LLC now owns 30,627 shares of the transportation company's stock valued at $3,369,000 after purchasing an additional 6,644 shares during the last quarter. United Asset Strategies Inc. grew its stake in shares of United Parcel Service by 8.5% during the 1st quarter. United Asset Strategies Inc. now owns 24,174 shares of the transportation company's stock worth $2,659,000 after acquiring an additional 1,900 shares during the period. Finally, Accredited Wealth Management LLC boosted its position in United Parcel Service by 13.7% during the first quarter. Accredited Wealth Management LLC now owns 2,010 shares of the transportation company's stock worth $221,000 after purchasing an additional 242 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average cost of $85.67 per share, with a total value 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 $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director William R. Johnson purchased 5,000 shares of the stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director directly owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

UPS has been the subject of a number of analyst reports. Bank of America reaffirmed a "neutral" rating and issued a $98.00 price target on shares of United Parcel Service in a report on Tuesday, July 29th. Stifel Nicolaus cut their target price on United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Truist Financial reduced their target price on United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Vertical Research reiterated a "hold" rating and set a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. Finally, Loop Capital cut their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $112.81.

United Parcel Service Price Performance

Shares of NYSE:UPS traded up $2.5640 during trading on Friday, reaching $88.7140. The company had a trading volume of 10,224,234 shares, compared to its average volume of 10,257,072. United Parcel Service, Inc. has a 12 month low of $84.28 and a 12 month high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $75.19 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 1.58 and a beta of 1.12. The company has a fifty day moving average of $95.89 and a two-hundred day moving average of $102.00.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion during 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 company's revenue was down 2.7% compared to the same quarter last year. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared 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. This represents a $6.56 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service's payout ratio is 97.62%.

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.