United Parcel Service, Inc. $UPS Shares Acquired by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR increased its stake in United Parcel Service by 39.4% in Q2, owning 73,677 shares worth approximately $7.4 million.
• Multiple analysts have revised their price targets for UPS, with Bank of America decreasing its target from $83 to $81 and maintaining an "underperform" rating.
• UPS reported a net margin of 6.34% and a quarterly revenue of $21.2 billion, which was higher than analysts' estimates, despite a 2.7% year-over-year revenue decline.

Generali Asset Management SPA SGR lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 39.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,677 shares of the transportation company's stock after buying an additional 20,811 shares during the quarter. Generali Asset Management SPA SGR's holdings in United Parcel Service were worth $7,437,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Founders Capital Management LLC raised its position in United Parcel Service by 8.3% during the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company's stock worth $11,245,000 after acquiring an additional 8,579 shares during the period. Gallacher Capital Management LLC acquired a new position in shares of United Parcel Service during the 1st quarter worth about $620,000. Garde Capital Inc. acquired a new position in shares of United Parcel Service during the first quarter valued at approximately $37,000. Capital CS Group LLC raised its holdings in shares of United Parcel Service by 3.6% during the second quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company's stock valued at $23,730,000 after acquiring an additional 8,070 shares during the last quarter. Finally, CX Institutional raised its holdings in shares of United Parcel Service by 39.9% during the second quarter. CX Institutional now owns 60,165 shares of the transportation company's stock valued at $6,073,000 after acquiring an additional 17,152 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Truist Financial reduced their price objective on United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Weiss Ratings restated a "sell (d+)" rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Bank of America cut their price objective on shares of United Parcel Service from $83.00 to $81.00 and set an "underperform" rating for the company in a report on Friday, September 26th. Stifel Nicolaus lowered 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. Finally, Evercore ISI dropped their price target on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $109.31.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $84.10 on Thursday. The business's fifty day simple moving average is $85.60 and its 200-day simple moving average is $93.90. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm has a market cap of $71.28 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.56 and a beta of 1.10. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its 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). 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 during the quarter, compared to analyst estimates of $20.90 billion. During the same period in the previous year, the company earned $1.79 EPS. The company's quarterly revenue was down 2.7% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. United Parcel Service's payout ratio is presently 97.62%.

Insider Activity at United Parcel Service

In other news, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the acquisition, the chief executive officer directly 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christiana Smith Shi purchased 500 shares of the business's stock in a transaction on Friday, August 22nd. The shares were acquired at an average price 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 of the company's stock, valued at approximately $44,085. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by company insiders.

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.

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