United Parcel Service, Inc. $UPS Stake Raised by Sound Income Strategies LLC

Key Points

• Sound Income Strategies LLC increased its stake in United Parcel Service by 24.6% in the second quarter, reaching $15.63 million in holdings.
• United Parcel Service reported a net margin of 6.34% and a revenue of $21.20 billion in its latest earnings report, although its earnings per share missed estimates by $0.01.
• The company recently declared a quarterly dividend of $1.64 per share, yielding approximately 7.8%, which represents a high dividend payout ratio of 97.62%.

Sound Income Strategies LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,858 shares of the transportation company's stock after purchasing an additional 30,558 shares during the period. Sound Income Strategies LLC's holdings in United Parcel Service were worth $15,631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in UPS. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service during the 1st quarter valued at $26,000. Citizens National Bank Trust Department raised 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 purchasing an additional 210 shares during the period. Hemington Wealth Management boosted 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 period. Saudi Central Bank purchased a new stake in United Parcel Service during the first quarter valued at about $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of United Parcel Service in the 1st quarter valued at approximately $33,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Up 1.4%

Shares of NYSE UPS opened at $83.74 on Monday. The business has a 50 day simple moving average of $87.90 and a 200 day simple moving average of $96.32. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The stock has a market cap of $70.98 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.54 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 posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. United Parcel Service's revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.79 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a 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%.

Insider Buying and Selling at United Parcel Service

In related news, Director Christiana Smith Shi acquired 500 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director owned 500 shares of the company's stock, valued at approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction that occurred 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 completion of the acquisition, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. 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 three months. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on UPS shares. Evercore ISI lowered their price objective on shares of United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a research report on Wednesday, July 30th. Citigroup lowered their price target on United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Morgan Stanley reduced their price objective on 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. Vertical Research restated a "hold" rating and set a $103.00 price objective on shares of United Parcel Service in a research report on Wednesday, July 30th. Finally, BNP Paribas upgraded United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $111.38.

About United Parcel Service

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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