United Parcel Service, Inc. $UPS Position Increased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 58.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,311 shares of the transportation company’s stock after purchasing an additional 2,695 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in United Parcel Service were worth $757,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service in the 1st quarter valued at approximately $26,000. Citizens National Bank Trust Department increased its stake 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 purchasing an additional 210 shares during the last quarter. Hemington Wealth Management raised 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 valued at $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of United Parcel Service in the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC bought a new stake in United Parcel Service in the first quarter worth $33,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Carol B. Tome acquired 11,682 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the acquisition, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director directly owned 10,160 shares of the company’s stock, valued at $878,840. The trade was a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 17,182 shares of company stock worth $1,477,382 in the last ninety days. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UPS shares. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Truist Financial cut their price objective on 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. Evercore ISI reduced their target price on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a report on Wednesday, July 30th. Vertical Research reiterated a “hold” rating and set a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. Finally, 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. 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 given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $109.31.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $88.07 on Wednesday. The company has a market cap of $74.64 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 1.61 and a beta of 1.10. The business has a 50 day moving average price of $85.61 and a 200 day moving average price of $93.30. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. 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 issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the firm earned $1.79 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.4%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

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.