United Parcel Service, Inc. $UPS Shares Acquired by Stockman Wealth Management Inc.

Key Points

• Stockman Wealth Management Inc. increased its holdings in United Parcel Service, Inc. (UPS) by 14.1% during the 2nd quarter, owning 112,956 shares valued at approximately $11.4 million.
• UPS reported earnings of $1.55 per share, falling short of analysts' estimates and showing a 2.7% decline in revenue year-over-year.
• The company's dividend yield stands at 7.8%, with a recent quarterly payout of $1.64 per share, reflecting a high payout ratio of 97.62%.

Stockman Wealth Management Inc. grew its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,956 shares of the transportation company's stock after purchasing an additional 13,951 shares during the period. United Parcel Service makes up approximately 1.5% of Stockman Wealth Management Inc.'s holdings, making the stock its 26th largest holding. Stockman Wealth Management Inc.'s holdings in United Parcel Service were worth $11,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Uncommon Cents Investing LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at about $280,000. LVW Advisors LLC increased its holdings in United Parcel Service by 34.2% during the 2nd quarter. LVW Advisors LLC now owns 4,578 shares of the transportation company's stock worth $462,000 after purchasing an additional 1,167 shares during the last quarter. Spirepoint Private Client LLC increased its holdings in United Parcel Service by 1.0% during the 2nd quarter. Spirepoint Private Client LLC now owns 1,093,830 shares of the transportation company's stock worth $110,411,000 after purchasing an additional 10,752 shares during the last quarter. Diversified Enterprises LLC grew its position in shares of United Parcel Service by 25.4% in the 2nd quarter. Diversified Enterprises LLC now owns 2,467 shares of the transportation company's stock worth $249,000 after acquiring an additional 499 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its position in shares of United Parcel Service by 6.1% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 6,490 shares of the transportation company's stock worth $655,000 after acquiring an additional 375 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Up 1.4%

NYSE:UPS opened at $83.74 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The business's fifty day moving average price is $87.90 and its 200 day moving average price is $96.45. The firm has a market capitalization of $70.98 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.54 and a beta of 1.08.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate 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 firm 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 earnings per share. The business's revenue for the quarter was down 2.7% on a year-over-year basis. On average, sell-side analysts forecast 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. Shareholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's dividend payout ratio is presently 97.62%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wolfe Research reduced their price objective on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a research report on Tuesday, July 1st. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Galvan Research dropped their price objective on United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. Bank of America dropped their price objective on United Parcel Service from $83.00 to $81.00 and set an "underperform" rating on the stock in a research note on Friday. Finally, Oppenheimer dropped their price target on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, United Parcel Service currently has an average rating of "Hold" and an average price target of $111.38.

Insiders Place Their Bets

In other news, CEO Carol B. Tome bought 11,682 shares of the company's stock in a transaction 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 transaction, the chief executive officer directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William R. Johnson acquired 5,000 shares of the stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their position. 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 in the last three months. Insiders own 0.13% of the company's stock.

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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