United Parcel Service, Inc. $UPS Holdings Raised by Carmel Capital Partners LLC

Carmel Capital Partners LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 15.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,802 shares of the transportation company’s stock after purchasing an additional 2,469 shares during the quarter. Carmel Capital Partners LLC’s holdings in United Parcel Service were worth $1,898,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Graybill Wealth Management LTD. bought a new stake in United Parcel Service in the first quarter worth about $26,000. Citizens National Bank Trust Department raised its position in United Parcel Service by 525.0% in the first 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 in the last quarter. Hemington Wealth Management raised its position in United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after acquiring an additional 115 shares in the last quarter. Saudi Central Bank bought a new stake in United Parcel Service in the first quarter worth about $32,000. Finally, Flaharty Asset Management LLC bought a new stake in United Parcel Service in the first quarter worth about $33,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

NYSE UPS opened at $86.48 on Friday. The stock’s 50-day moving average price is $85.58 and its two-hundred day moving average price is $93.57. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The company has a market cap of $73.30 billion, a PE ratio of 12.87, a PEG ratio of 1.59 and a beta of 1.10. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.United Parcel Service’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.79 EPS. On average, analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is 97.62%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction on Friday, August 1st. The shares were 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 directly owned 24,718 shares in the company, valued at $2,117,591.06. The trade was a 89.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William R. Johnson bought 5,000 shares of the stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,182 shares of company stock valued at $1,477,382 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on UPS. UBS Group dropped their price target on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Oppenheimer dropped their price target on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Citigroup dropped their price target on shares of United Parcel Service from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. 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 report on Wednesday, July 30th. Finally, Stifel Nicolaus dropped their price target on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.