United Parcel Service, Inc. $UPS Shares Sold by Strategic Blueprint LLC

Strategic Blueprint LLC decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 14.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,640 shares of the transportation company’s stock after selling 1,405 shares during the quarter. Strategic Blueprint LLC’s holdings in United Parcel Service were worth $872,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Clifford Swan Investment Counsel LLC grew its position in shares of United Parcel Service by 5.7% in the second quarter. Clifford Swan Investment Counsel LLC now owns 954,426 shares of the transportation company’s stock valued at $96,340,000 after purchasing an additional 51,332 shares during the period. RNC Capital Management LLC grew its position in shares of United Parcel Service by 21.6% in the second quarter. RNC Capital Management LLC now owns 448,485 shares of the transportation company’s stock valued at $45,270,000 after purchasing an additional 79,815 shares during the period. Ethic Inc. grew its position in shares of United Parcel Service by 20.3% in the second quarter. Ethic Inc. now owns 33,118 shares of the transportation company’s stock valued at $3,351,000 after purchasing an additional 5,583 shares during the period. ARK Investment Management LLC grew its position in shares of United Parcel Service by 6.4% in the second quarter. ARK Investment Management LLC now owns 9,428 shares of the transportation company’s stock valued at $952,000 after purchasing an additional 565 shares during the period. Finally, Steel Grove Capital Advisors LLC grew its position in shares of United Parcel Service by 6.4% in the second quarter. Steel Grove Capital Advisors LLC now owns 15,412 shares of the transportation company’s stock valued at $1,556,000 after purchasing an additional 932 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average cost of $86.50 per share, with a total value of $432,500.00. Following the purchase, the director directly 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director owned 500 shares in the company, valued at $44,085. This trade represents a ∞ 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 ninety days. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on UPS shares. Evercore ISI dropped their target price on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 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 research note on Wednesday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research note on Friday. Wolfe Research decreased their price target on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 1st. Finally, JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $96.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average price target of $109.31.

United Parcel Service Price Performance

United Parcel Service stock opened at $87.21 on Friday. The company’s 50 day simple moving average is $85.52 and its 200-day simple moving average is $93.17. The company has a market capitalization of $73.91 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $140.33. 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) last released its quarterly 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). The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. United Parcel Service’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.79 earnings per share. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors 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 7.5%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio 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.