United Parcel Service, Inc. $UPS Shares Bought by CX Institutional

Key Points

• CX Institutional increased its stake in United Parcel Service (UPS) by 39.9%, owning 60,165 shares valued at $6.07 million after acquiring an additional 17,152 shares in Q2.
• Several analysts have adjusted their price targets for UPS, with a consensus target price of $111.44, while the average rating remains a "Hold."
• CEO Carol B. Tome purchased 11,682 shares of UPS stock at an average cost of $85.67 per share, representing a significant increase in her ownership.

CX Institutional lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 39.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,165 shares of the transportation company's stock after purchasing an additional 17,152 shares during the period. CX Institutional's holdings in United Parcel Service were worth $6,073,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service during the first quarter worth about $26,000. Citizens National Bank Trust Department boosted its holdings in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after purchasing an additional 210 shares during the last quarter. Hemington Wealth Management grew its stake in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank acquired a new stake in United Parcel Service during the 1st quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in United Parcel Service during the 1st quarter worth approximately $33,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on UPS shares. Vertical Research reiterated a "hold" rating and set a $103.00 target price on shares of United Parcel Service in a research note on Wednesday, July 30th. Citigroup decreased their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating for the company in a report on Thursday, July 31st. UBS Group cut their target price on shares of United Parcel Service from $124.00 to $118.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target on the stock in a research report on Thursday, July 3rd. Finally, Morgan Stanley lowered their price objective on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a report on Wednesday, July 30th. One research 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. Based on data from MarketBeat, United Parcel Service currently has an average rating of "Hold" and a consensus target price of $111.44.

United Parcel Service Stock Performance

Shares of UPS opened at $82.62 on Friday. The firm has a fifty day moving average of $88.21 and a 200-day moving average of $96.80. The company has a market cap of $70.03 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.79 earnings per share. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.9%. United Parcel Service's payout ratio is currently 97.62%.

Insider Buying and Selling

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of the business's stock in a transaction on Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director directly owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 17,182 shares of company stock valued at $1,477,382 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Company 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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