Vest Financial LLC Grows Position in United Parcel Service, Inc. $UPS

Key Points

• Vest Financial LLC increased its stake in United Parcel Service, Inc. by 39.2% during the second quarter, bringing its total holdings to 11,745 shares valued at approximately $1.18 million.
• Notable insider transactions included CEO Carol B. Tome purchasing 11,682 shares at $85.67 per share, increasing her ownership by 89.61%.
• UPS recently declared a quarterly dividend of $1.64, representing an annual yield of 7.8%, with a payout ratio of 97.62%.

Vest Financial LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 39.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,745 shares of the transportation company's stock after buying an additional 3,309 shares during the quarter. Vest Financial LLC's holdings in United Parcel Service were worth $1,186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cypress Capital Group raised its position in United Parcel Service by 17.2% in the 2nd quarter. Cypress Capital Group now owns 14,483 shares of the transportation company's stock valued at $1,462,000 after buying an additional 2,130 shares during the last quarter. Orca Investment Management LLC grew its stake in United Parcel Service by 21.2% in the 2nd quarter. Orca Investment Management LLC now owns 17,958 shares of the transportation company's stock valued at $1,813,000 after purchasing an additional 3,144 shares during the period. CWM LLC grew its stake in United Parcel Service by 83.9% in the 2nd quarter. CWM LLC now owns 178,243 shares of the transportation company's stock valued at $17,992,000 after purchasing an additional 81,317 shares during the period. Advocate Group LLC grew its stake in United Parcel Service by 5.2% in the 2nd quarter. Advocate Group LLC now owns 84,925 shares of the transportation company's stock valued at $8,572,000 after purchasing an additional 4,222 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in United Parcel Service by 42.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 74,443 shares of the transportation company's stock valued at $7,516,000 after purchasing an additional 22,298 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Christiana Smith Shi bought 500 shares of the business's stock in a transaction on 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 purchase, the director directly owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carol B. Tome bought 11,682 shares of the business'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 purchase, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 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 Stock Up 0.1%

UPS stock opened at $84.10 on Thursday. 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 company has a market capitalization of $71.28 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.56 and a beta of 1.10. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The stock has a fifty day moving average of $85.60 and a 200-day moving average of $93.90.

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

United Parcel Service Announces Dividend

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

Analyst Ratings Changes

UPS has been the subject of a number of recent analyst reports. Wolfe Research reduced their price objective on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a research note on Tuesday, July 1st. BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective for the company in a research note on Thursday, July 3rd. Vertical Research restated a "hold" rating and issued a $103.00 price objective on shares of United Parcel Service in a research note on Wednesday, July 30th. Citigroup reduced their price objective on United Parcel Service from $114.00 to $112.00 and set a "buy" rating for the company in a research note on Monday. Finally, Stifel Nicolaus reduced their price objective on United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, United Parcel Service currently has a consensus rating of "Hold" and an average target price of $109.31.

United Parcel Service 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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