United Parcel Service, Inc. $UPS Shares Sold by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. reduced its stake in United Parcel Service, Inc. by 1.0%, holding approximately 1.75 million shares worth about $192.74 million.
• United Parcel Service announced a quarterly dividend of $1.64 per share, which translates into an annual yield of 7.4%.
• The company missed earnings expectations for the last quarter, reporting $1.55 EPS against the consensus estimate of $1.56, while revenue was slightly above expectations at $21.20 billion.

Ameriprise Financial Inc. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,752,312 shares of the transportation company's stock after selling 17,725 shares during the period. Ameriprise Financial Inc. owned approximately 0.21% of United Parcel Service worth $192,744,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Gallacher Capital Management LLC acquired a new stake in shares of United Parcel Service during the 1st quarter worth approximately $620,000. Garde Capital Inc. acquired a new stake in shares of United Parcel Service during the 1st quarter worth approximately $37,000. Golden State Wealth Management LLC increased its holdings in shares of United Parcel Service by 61.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock worth $173,000 after buying an additional 599 shares during the last quarter. CWA Asset Management Group LLC increased its holdings in shares of United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock worth $381,000 after buying an additional 193 shares during the last quarter. Finally, Advisor Resource Council acquired a new stake in shares of United Parcel Service during the 1st quarter worth approximately $437,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $88.7140 on Friday. 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 market capitalization of $75.19 billion, a P/E ratio of 13.20, a PEG ratio of 1.63 and a beta of 1.12. The company has a 50 day moving average price of $95.89 and a 200 day moving average price of $101.93. United Parcel Service, Inc. has a fifty-two week low of $84.28 and a fifty-two week high of $145.01.

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 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 company had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. During the same period in the previous year, the business posted $1.79 EPS. The business's revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) 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 the firm's stock in a transaction on Friday, August 1st. The stock was bought at an average price 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 of the company's stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of the firm's stock in a transaction 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 transaction, the director directly owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UPS. BNP Paribas Exane upgraded shares of 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. Vertical Research restated a "hold" rating and set a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. Truist Financial cut their price target on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Wells Fargo & Company lowered their price objective on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 30th. Finally, Bank of America reaffirmed a "neutral" rating and set a $98.00 price objective on shares of United Parcel Service in a research report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $112.81.

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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