United Parcel Service, Inc. $UPS Shares Acquired by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its stake in United Parcel Service, Inc. (UPS) by 87.7%, now holding 12,280 shares valued at approximately $1.24 million.
• CEO Carol B. Tome purchased 11,682 shares of UPS stock at an average price of $85.67, enhancing her total ownership by 89.61%.
• United Parcel Service recently declared a quarterly dividend of $1.64 per share, yielding about 7.8%, with a payout ratio of 97.62%.

GAMMA Investing LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 87.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,280 shares of the transportation company's stock after purchasing an additional 5,738 shares during the period. GAMMA Investing LLC's holdings in United Parcel Service were worth $1,240,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after acquiring an additional 4,723 shares in the last quarter. Mackenzie Financial Corp grew its stake in United Parcel Service by 7.9% during the 4th quarter. Mackenzie Financial Corp now owns 67,015 shares of the transportation company's stock worth $8,451,000 after buying an additional 4,935 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in United Parcel Service in the fourth quarter worth $172,000. Heck Capital Advisors LLC bought a new stake in United Parcel Service in the fourth quarter valued at $40,000. Finally, Virtue Capital Management LLC boosted its holdings in shares of United Parcel Service by 13.4% during the fourth quarter. Virtue Capital Management LLC now owns 4,911 shares of the transportation company's stock valued at $619,000 after acquiring an additional 581 shares during the period. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on UPS. Truist Financial dropped their price objective on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. BNP Paribas upgraded shares of United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Citigroup cut their price target on United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus reduced their price objective on United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Finally, Evercore ISI decreased their price objective on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $111.44.

Insider Buying and Selling

In other United Parcel Service news, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director directly 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 bought a total of 17,182 shares of company stock valued at $1,477,382 over the last three months. Company insiders own 0.13% of the company's stock.

United Parcel Service Trading Up 0.1%

Shares of NYSE:UPS opened at $84.35 on Wednesday. The company has a 50 day moving average of $88.86 and a 200-day moving average of $97.15. 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 firm has a market cap of $71.50 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.55 and a beta of 1.08. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.United Parcel Service's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.79 EPS. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were paid 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 7.8%. United Parcel Service's dividend payout ratio (DPR) is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.