United Parcel Service, Inc. $UPS Shares Bought by CapWealth Advisors LLC

Key Points

• CapWealth Advisors LLC increased its holdings in United Parcel Service by 106.1% in the 2nd quarter, raising its share ownership to 197,039 shares valued at nearly $19.9 million.
• United Parcel Service reported a decrease in quarterly revenue of 2.7% year-over-year, with earnings per share (EPS) falling slightly short of analysts' expectations at $1.55.
• The company declared a quarterly dividend of $1.64, yielding 7.6%, while maintaining a dividend payout ratio of 97.62%.

CapWealth Advisors LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 106.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 197,039 shares of the transportation company's stock after acquiring an additional 101,448 shares during the quarter. United Parcel Service comprises 2.0% of CapWealth Advisors LLC's portfolio, making the stock its 22nd biggest position. CapWealth Advisors LLC's holdings in United Parcel Service were worth $19,889,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Wealth Group LLC increased its stake in United Parcel Service by 3.9% during the second quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company's stock worth $258,000 after acquiring an additional 97 shares during the last quarter. Bangor Savings Bank increased its stake in United Parcel Service by 1.9% during the second quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company's stock worth $546,000 after acquiring an additional 101 shares during the last quarter. First Dallas Securities Inc. increased its stake in United Parcel Service by 0.9% during the first quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company's stock worth $1,256,000 after acquiring an additional 102 shares during the last quarter. TCV Trust & Wealth Management Inc. increased its stake in United Parcel Service by 1.4% during the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock worth $830,000 after acquiring an additional 103 shares during the last quarter. Finally, Fortis Capital Advisors LLC increased its stake in United Parcel Service by 3.4% during the first quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company's stock worth $350,000 after acquiring an additional 104 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 1.0%

Shares of UPS opened at $86.48 on Friday. The company has a market capitalization of $73.30 billion, a P/E ratio of 12.87, a P/E/G ratio of 1.59 and a beta of 1.10. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a 50-day moving average price of $85.58 and a 200 day moving average price of $93.57.

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 business had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.79 EPS. Sell-side analysts forecast 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. Investors of record on Monday, August 18th were issued 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 yield of 7.6%. United Parcel Service's dividend payout ratio is currently 97.62%.

Insider Activity at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome purchased 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of $85.67 per share, with a total value 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 approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the acquisition, the director directly owned 10,160 shares of the company's stock, valued at $878,840. The trade was a 96.90% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 17,182 shares of company stock valued at $1,477,382. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

UPS has been the subject of a number of recent research reports. BMO Capital Markets reiterated a "market perform" rating and issued a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Oppenheimer lowered their target price on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Stifel Nicolaus lowered 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. Wall Street Zen lowered United Parcel Service from a "hold" rating to a "sell" rating in a research note on Saturday, September 20th. Finally, Galvan Research lowered their target price on United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $109.31.

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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