Callan Family Office LLC Has $708,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Callan Family Office LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 23.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,436 shares of the transportation company’s stock after selling 1,927 shares during the quarter. Callan Family Office LLC’s holdings in United Parcel Service were worth $708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board raised its position in shares of United Parcel Service by 8.8% during the first quarter. Public Sector Pension Investment Board now owns 99,550 shares of the transportation company’s stock worth $10,950,000 after purchasing an additional 8,050 shares during the period. AIA Group Ltd increased its stake in United Parcel Service by 177.5% during the 1st quarter. AIA Group Ltd now owns 9,722 shares of the transportation company’s stock worth $1,069,000 after purchasing an additional 6,218 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in United Parcel Service by 25.1% during the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,015 shares of the transportation company’s stock worth $439,000 after purchasing an additional 806 shares in the last quarter. Meridian Wealth Management LLC raised its holdings in United Parcel Service by 20.1% during the 1st quarter. Meridian Wealth Management LLC now owns 11,560 shares of the transportation company’s stock worth $1,271,000 after buying an additional 1,931 shares during the period. Finally, Cove Private Wealth LLC bought a new position in United Parcel Service in the first quarter valued at approximately $253,000. 60.26% of the stock is currently owned by institutional investors.

Insider Activity

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares of the company’s stock, valued at $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.8%

Shares of UPS stock opened at $88.17 on Thursday. United Parcel Service, Inc. has a 12-month low of $84.28 and a 12-month high of $145.01. The company has a market capitalization of $74.66 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.59 and a beta of 1.12. The firm has a 50 day moving average price of $97.59 and a two-hundred day moving average price of $103.68. 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 (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same period in the previous year, the business posted $1.79 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be paid a $1.64 dividend. The ex-dividend date is Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.4%. United Parcel Service’s dividend payout ratio is 97.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on UPS shares. Truist Financial lowered their price objective on shares of United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Vertical Research reiterated a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a 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 note on Thursday, July 31st. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a research report on Tuesday, July 8th. Finally, Evercore ISI dropped their target price on 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. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $112.81.

About United Parcel Service

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.