United Parcel Service, Inc. $UPS Holdings Lifted by Atwater Malick LLC

Atwater Malick LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,364 shares of the transportation company’s stock after buying an additional 3,077 shares during the period. United Parcel Service comprises 1.0% of Atwater Malick LLC’s investment portfolio, making the stock its 23rd largest holding. Atwater Malick LLC’s holdings in United Parcel Service were worth $3,065,000 as of its most recent filing with the Securities and Exchange Commission.

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 1st quarter worth about $26,000. Citizens National Bank Trust Department raised 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 worth $27,000 after buying an additional 210 shares during the period. Hemington Wealth Management raised its holdings in United Parcel Service by 68.9% during 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. Saudi Central Bank acquired a new stake in United Parcel Service during the 1st quarter worth about $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in United Parcel Service during the 1st quarter worth about $33,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company decreased their price objective 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. Wall Street Zen lowered United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Vertical Research restated a “hold” rating and set a $103.00 price objective on shares of United Parcel Service in a research report on Wednesday, July 30th. Oppenheimer decreased their price objective on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 30th. Finally, Truist Financial decreased their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $110.41.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average price 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 $878,840. This represents a 96.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Carol B. Tome purchased 11,682 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the purchase, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock valued at $1,477,382 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Up 1.5%

Shares of UPS stock opened at $85.65 on Friday. The stock’s 50 day simple moving average is $86.54 and its 200 day simple moving average is $95.70. 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 twelve month low of $82.00 and a twelve month high of $145.01. The company has a market capitalization of $72.60 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last released its 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 business had revenue of $21.20 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.79 EPS. As a group, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company 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. This represents a $6.56 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) 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.