United Parcel Service, Inc. $UPS Shares Sold by UMB Bank n.a.

Key Points

• UMB Bank n.a. decreased its stake in United Parcel Service, Inc. by 34.9%, now holding 15,615 shares valued at approximately $1.58 million.
• Several institutional investors, including Vanguard and Goldman Sachs, increased their positions in UPS, reflecting strong interest in the company despite recent price target reductions from various analysts.
• United Parcel Service recently reported earnings of $1.55 per share, missing estimates by a slight margin, while announcing a quarterly dividend of $1.64 per share, yielding about 7.8%.

UMB Bank n.a. lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 34.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,615 shares of the transportation company's stock after selling 8,387 shares during the quarter. UMB Bank n.a.'s holdings in United Parcel Service were worth $1,576,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $28,000. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $26,000. Citizens National Bank Trust Department raised its position in shares of United Parcel Service by 525.0% in the 1st 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. Finally, Hemington Wealth Management raised its position in shares of United Parcel Service by 68.9% in 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 during the last quarter. Institutional investors own 60.26% of the company's stock.

Insider Transactions at United Parcel Service

In related news, Director Christiana Smith Shi purchased 500 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares of the company's stock, valued at $44,085. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carol B. Tome acquired 11,682 shares of the business's stock in a transaction on Friday, August 1st. The stock was acquired 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 $2,117,591.06. This 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 over the last 90 days. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. BNP Paribas raised shares of United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. Wall Street Zen lowered shares of United Parcel Service from a "hold" rating to a "sell" rating in a report on Saturday. Susquehanna cut 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 report on Wednesday, July 30th. Finally, Evercore ISI cut their target price on shares of United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a report on Wednesday, July 30th. One equities 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $111.44.

United Parcel Service Trading Up 0.4%

Shares of UPS traded up $0.37 during midday trading on Monday, hitting $84.43. 10,216,923 shares of the stock were exchanged, compared to its average volume of 7,969,482. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The stock has a fifty day simple moving average of $89.48 and a 200 day simple moving average of $97.50. The firm has a market cap of $71.56 billion, a P/E ratio of 12.56, a P/E/G 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 (NYSE:UPS - Get Free Report) last announced its earnings results 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 business had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.United Parcel Service's quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.79 earnings per share. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. 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 presently 97.62%.

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.