U.S. Capital Wealth Advisors LLC Has $9.10 Million Stock Holdings in United Parcel Service, Inc. $UPS

Key Points

• U.S. Capital Wealth Advisors LLC increased its holdings in United Parcel Service (UPS) by 12.1% in Q2 2023, purchasing an additional 9,755 shares, bringing their total to 90,127 shares valued at approximately $9.1 million.
• UPS reported quarterly earnings of $1.55 per share, missing consensus estimates by $0.01, with revenue of $21.20 billion, representing a 2.7% decrease compared to the previous year.
• The company declared a quarterly dividend of $1.64 per share with a dividend yield of 7.8%, while its dividend payout ratio stands at 97.62%.

U.S. Capital Wealth Advisors LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,127 shares of the transportation company's stock after purchasing an additional 9,755 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in United Parcel Service were worth $9,097,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service during the first quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the fourth quarter valued at $27,000. Citizens National Bank Trust Department raised its stake 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 valued at $27,000 after purchasing an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in United Parcel Service in the fourth quarter worth about $28,000. Finally, Hemington Wealth Management increased its stake 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 purchasing an additional 115 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price target on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 30th. Vertical Research reaffirmed a "hold" rating and set a $103.00 target price on shares of United Parcel Service in a research note on Wednesday, July 30th. BNP Paribas Exane raised United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price on the stock in a research note on Thursday, July 3rd. Truist Financial lowered their target price on United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Finally, Susquehanna lowered their target price on United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $111.44.

United Parcel Service Stock Performance

Shares of UPS stock traded up $0.37 during trading hours on Monday, reaching $84.43. 10,216,923 shares of the company's stock were exchanged, compared to its average volume of 7,969,482. The business has a fifty day moving average price of $89.16 and a 200-day moving average price of $97.24. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market capitalization 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. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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 net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter in the previous year, the company posted $1.79 earnings per share. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm 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 was Monday, August 18th. United Parcel Service's dividend payout ratio is presently 97.62%.

Insider Transactions at United Parcel Service

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

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.