Bridge Creek Capital Management LLC Raises Stake in United Parcel Service, Inc. $UPS

Bridge Creek Capital Management LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,539 shares of the transportation company’s stock after acquiring an additional 3,494 shares during the period. Bridge Creek Capital Management LLC’s holdings in United Parcel Service were worth $4,092,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service in the first quarter valued at about $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service in the fourth quarter worth about $27,000. Citizens National Bank Trust Department increased its holdings in 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 valued at $27,000 after purchasing an additional 210 shares during the period. Fourth Dimension Wealth LLC bought a new position in United Parcel Service during the 4th quarter valued at approximately $28,000. Finally, Hemington Wealth Management lifted its holdings in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after buying an additional 115 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on UPS. Citigroup decreased their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Argus decreased their price target on shares of United Parcel Service from $150.00 to $120.00 in a research note on Friday, May 23rd. UBS Group cut their price objective on United Parcel Service from $124.00 to $118.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Wells Fargo & Company decreased their target price on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 30th. Finally, Wolfe Research dropped their price target on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $111.44.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $84.14 on Friday. The company has a market cap of $71.31 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.57 and a beta of 1.08. The firm’s fifty day moving average is $89.48 and its two-hundred day moving average is $97.81. 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, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $1.79 earnings per share. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. United Parcel Service’s dividend payout ratio is 97.62%.

Insiders Place Their Bets

In other news, Director Christiana Smith Shi purchased 500 shares of the stock in a transaction on Friday, August 22nd. The stock was bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director owned 500 shares in the company, valued at $44,085. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carol B. Tome acquired 11,682 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 17,182 shares of company stock valued at $1,477,382. 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.