Woodmont Investment Counsel LLC Reduces Stock Position in United Parcel Service, Inc. $UPS

Key Points

• Woodmont Investment Counsel LLC has significantly reduced its stake in United Parcel Service by 66.4%, selling over 51,000 shares, bringing their total ownership to approximately $2.6 million.
• Insider buying is notable, with CEO Carol B. Tome purchasing 11,682 shares at $85.67 each, indicating strong confidence in the company.
• Analysts have set varied price targets for UPS, with Barclays lowering its target to $80, while Truist Financial reduced it to $120, reflecting mixed outlooks among investors.

Woodmont Investment Counsel LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 66.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,196 shares of the transportation company's stock after selling 51,858 shares during the quarter. Woodmont Investment Counsel LLC's holdings in United Parcel Service were worth $2,644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service in the first quarter worth approximately $26,000. Citizens National Bank Trust Department grew its position in 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 buying an additional 210 shares during the period. Hemington Wealth Management grew its position in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after buying an additional 115 shares during the period. Saudi Central Bank bought a new stake in United Parcel Service during the first quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC bought a new stake in United Parcel Service during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of the company'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 completion of the transaction, the director directly owned 500 shares of the company's stock, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carol B. Tome bought 11,682 shares of the company's stock in a transaction on Friday, August 1st. The shares were 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 approximately $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 acquired 17,182 shares of company stock worth $1,477,382 over the last 90 days. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of United Parcel Service from a "hold" rating to a "sell" rating in a research note on Saturday, September 20th. BNP Paribas upgraded shares of United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Barclays dropped their price target on shares of United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a research note on Thursday, July 31st. Morgan Stanley dropped their price target on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 30th. Finally, Truist Financial dropped their price target on shares of 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. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, United Parcel Service has an average rating of "Hold" and a consensus price target of $110.16.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $86.79 on Monday. 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 cap of $73.56 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.60 and a beta of 1.10. The firm's fifty day moving average is $86.20 and its two-hundred day moving average is $95.17. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data 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 return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. During the same period in the previous year, the business earned $1.79 earnings per share. The business's quarterly revenue was down 2.7% on a year-over-year basis. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed 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 of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service's dividend payout ratio (DPR) 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.

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