United Parcel Service, Inc. $UPS Shares Purchased by Capital Management Corp VA

Key Points

• Capital Management Corp VA increased its stake in United Parcel Service, Inc. by 21.6% during the second quarter, owning a total of 73,340 shares valued at approximately $7.4 million.
• Director William R. Johnson and CEO Carol B. Tome made significant purchases of UPS shares, increasing their positions by 96.90% and 89.61% respectively.
• The company reported a quarterly revenue of $21.20 billion, slightly above expectations, but had an EPS of $1.55, missing estimates by $0.01.

Capital Management Corp VA grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 21.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,340 shares of the transportation company's stock after acquiring an additional 13,029 shares during the quarter. Capital Management Corp VA's holdings in United Parcel Service were worth $7,403,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service in the first quarter valued at approximately $26,000. Citizens National Bank Trust Department boosted 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 buying an additional 210 shares during the period. Hemington Wealth Management grew its holdings in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after buying an additional 115 shares in the last quarter. Saudi Central Bank acquired a new stake in United Parcel Service in the 1st quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC bought a new stake in United Parcel Service during the 1st quarter valued at $33,000. Institutional investors own 60.26% of the company's stock.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, the director directly owned 10,160 shares of the company's stock, valued at $878,840. This trade represents a 96.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Carol B. Tome acquired 11,682 shares of the business's stock in a transaction on Friday, August 1st. The shares were bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the acquisition, the chief executive officer 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 disclosure for this purchase can be found here. Insiders purchased 17,182 shares of company stock worth $1,477,382 in the last quarter. 0.13% of the stock is owned by company insiders.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $83.97 on Wednesday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average of $85.65 and a two-hundred day moving average of $93.97. The company has a market capitalization of $71.17 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.53 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last released 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 return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the firm earned $1.79 earnings per share. The firm's revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

Wall Street Analyst Weigh In

UPS has been the subject of several recent analyst reports. Evercore ISI decreased 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 note on Wednesday, July 30th. Bank of America reduced 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. Susquehanna decreased their target price on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. Barclays dropped their price target on shares of United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a research report on Thursday, July 31st. Finally, Morgan Stanley reduced their price target on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $109.31.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.