United Parcel Service, Inc. $UPS Shares Acquired by AlphaQuest LLC

AlphaQuest LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 44.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,421 shares of the transportation company’s stock after purchasing an additional 2,891 shares during the quarter. AlphaQuest LLC’s holdings in United Parcel Service were worth $951,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service during the first quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in United Parcel Service during the second quarter valued at approximately $26,000. Citizens National Bank Trust Department raised its stake in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after buying an additional 210 shares in the last quarter. Hemington Wealth Management raised its stake in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after buying an additional 115 shares in the last quarter. Finally, Saudi Central Bank acquired a new stake in United Parcel Service during the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $87.21 on Friday. The stock has a fifty day moving average price of $85.52 and a two-hundred day moving average price of $93.18. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $73.91 billion, a P/E ratio of 12.98, a PEG ratio of 1.62 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.

United Parcel Service (NYSE:UPS) last issued 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 firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.79 earnings per share. Research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.5%. United Parcel Service’s dividend payout ratio is presently 97.62%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Truist Financial dropped their price target on 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. Barclays dropped their price target on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a research report on Thursday, July 31st. Wall Street Zen cut United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. UBS Group dropped their price target on 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. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $109.31.

Insider Activity

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director directly owned 500 shares of the company’s stock, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 17,182 shares of company stock worth $1,477,382 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

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.