United Parcel Service, Inc. $UPS Shares Bought by First Pacific Financial

Key Points

• First Pacific Financial increased its holdings in United Parcel Service, Inc. by 4,184.6% during the second quarter, acquiring a total of 25,108 shares worth approximately $2.53 million.
• United Parcel Service reported earnings per share of $1.55 for the last quarter, which fell slightly short of analyst expectations, while the company's revenue was $21.20 billion, exceeding estimates by $300 million.
• The company recently announced a quarterly dividend of $1.64 per share, resulting in an annualized yield of 7.9%, with a high payout ratio of 97.62%.

First Pacific Financial grew its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4,184.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,108 shares of the transportation company's stock after purchasing an additional 24,522 shares during the period. First Pacific Financial's holdings in United Parcel Service were worth $2,534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of UPS. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service during the 1st quarter worth about $26,000. Citizens National Bank Trust Department grew its position in shares of United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after acquiring an additional 210 shares during the last quarter. Hemington Wealth Management grew its position in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after purchasing an additional 115 shares during the last quarter. Saudi Central Bank acquired a new stake in United Parcel Service during the 1st quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in United Parcel Service during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $83.46 on Wednesday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The stock has a fifty day moving average of $87.26 and a two-hundred day moving average of $96.00. 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 company has a market capitalization of $70.74 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.56 and a beta of 1.08.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) 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 business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the business earned $1.79 EPS. United Parcel Service's revenue for the quarter was down 2.7% compared to the same quarter last year. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent research reports. BMO Capital Markets reaffirmed a "market perform" rating and set a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. BNP Paribas raised United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. BNP Paribas Exane raised United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target for the company in a report on Thursday, July 3rd. Stifel Nicolaus reduced their price target on United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Finally, Vertical Research reissued a "hold" rating and issued a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $111.38.

Insiders Place Their Bets

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the company's stock in a transaction dated Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christiana Smith Shi acquired 500 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the acquisition, the director owned 500 shares of the company's stock, valued at $44,085. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock worth $1,477,382 over the last quarter. 0.13% of the stock is 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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