Crews Bank & Trust Increases Holdings in United Parcel Service, Inc. $UPS

Crews Bank & Trust boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 45.1% during the second quarter, Holdings Channel reports. The firm owned 1,833 shares of the transportation company’s stock after acquiring an additional 570 shares during the quarter. Crews Bank & Trust’s holdings in United Parcel Service were worth $185,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of UPS. Graybill Wealth Management LTD. purchased a new position in United Parcel Service during the 1st quarter valued at about $26,000. Citizens National Bank Trust Department grew its holdings in shares of 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 acquiring an additional 210 shares during the period. Hemington Wealth Management grew its holdings in shares of United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after acquiring an additional 115 shares during the period. Saudi Central Bank purchased a new position in shares of United Parcel Service during the 1st quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of United Parcel Service during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UPS shares. Deutsche Bank Aktiengesellschaft reduced their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a report on Tuesday, July 8th. Morgan Stanley reduced their target price on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a report on Wednesday, July 30th. Truist Financial reduced their target price on United Parcel Service from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a report on Saturday, September 27th. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $110.16.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director owned 10,160 shares of the company’s stock, valued at $878,840. The trade was a 96.90% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Carol B. Tome acquired 11,682 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

United Parcel Service stock opened at $86.79 on Friday. 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 company has a market capitalization of $73.56 billion, a P/E ratio of 12.92, a PEG ratio of 1.58 and a beta of 1.10. The stock’s 50 day moving average is $86.20 and its 200 day moving average is $95.48. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01.

United Parcel Service (NYSE:UPS) 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 company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.79 EPS. On average, equities 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 disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given 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 is 97.62%.

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.