United Parcel Service (NYSE:UPS) Director Christiana Smith Shi Buys 500 Shares

Key Points

• Christiana Smith Shi, a director at United Parcel Service, purchased 500 shares at an average price of $88.17, totaling approximately $44,085, which signifies an increase in her ownership of the stock.
• UPS's latest earnings report showed an EPS of $1.55, slightly missing analysts' expectations, with quarterly revenue of $21.20 billion, down 2.7% year-over-year.
• The company announced a quarterly dividend of $1.64 per share, which will be paid on September 4th, representing an annualized yield of 7.5% and a payout ratio of 97.62%.

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) Director Christiana Smith Shi acquired 500 shares of the company's stock in a transaction dated 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 completion of the purchase, the director owned 500 shares in the company, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

United Parcel Service Trading Down 0.3%

NYSE UPS traded down $0.26 during mid-day trading on Tuesday, reaching $87.48. 5,466,877 shares of the stock were exchanged, compared to its average volume of 6,476,388. United Parcel Service, Inc. has a 1-year low of $84.28 and a 1-year high of $145.01. The business's fifty day simple moving average is $95.62 and its 200 day simple moving average is $101.67. The stock has a market capitalization of $74.15 billion, a PE ratio of 13.02, a PEG ratio of 1.63 and a beta of 1.12. 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 (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 firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the business posted $1.79 EPS. The firm's revenue was down 2.7% compared to the same quarter last year. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be given a dividend of $1.64 per share. The ex-dividend date is Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.5%. United Parcel Service's dividend payout ratio (DPR) is 97.62%.

Hedge Funds Weigh In On United Parcel Service

A number of hedge funds have recently made changes to their positions in UPS. Evelyn Partners Investment Management Europe Ltd increased its stake in United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company's stock worth $25,000 after buying an additional 131 shares during the period. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service during the 1st quarter worth $26,000. Mid American Wealth Advisory Group Inc. purchased a new stake in United Parcel Service during the 2nd quarter worth $26,000. Pinney & Scofield Inc. purchased a new stake in United Parcel Service during the 4th quarter worth $27,000. Finally, Citizens National Bank Trust Department increased its stake in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on UPS. BMO Capital Markets decreased their price target on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Truist Financial decreased 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 report on Wednesday, July 30th. Jefferies Financial Group decreased their price target on shares of United Parcel Service from $150.00 to $130.00 in a report on Wednesday, April 30th. Susquehanna decreased their price target on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $112.81.

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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