United Parcel Service, Inc. $UPS Shares Purchased by PDS Planning Inc

PDS Planning Inc raised its position in United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,781 shares of the transportation company’s stock after purchasing an additional 132 shares during the quarter. PDS Planning Inc’s holdings in United Parcel Service were worth $3,511,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of UPS. Founders Capital Management LLC raised its position in United Parcel Service by 8.3% in the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock valued at $11,245,000 after purchasing an additional 8,579 shares during the period. Gallacher Capital Management LLC acquired a new stake in shares of United Parcel Service in the first quarter valued at about $620,000. Garde Capital Inc. acquired a new stake in shares of United Parcel Service in the first quarter valued at about $37,000. Capital CS Group LLC grew its stake in shares of United Parcel Service by 3.6% in the second quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock valued at $23,730,000 after buying an additional 8,070 shares in the last quarter. Finally, CX Institutional grew its stake in shares of United Parcel Service by 39.9% in the second quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock valued at $6,073,000 after buying an additional 17,152 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UPS. Barclays decreased their price target on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Susquehanna dropped their price target on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. UBS Group lowered their target price on United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Finally, Truist Financial lowered their target price on United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $109.38.

Insider Activity

In other United Parcel Service news, CEO Carol B. Tome acquired 11,682 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christiana Smith Shi purchased 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, for a total transaction of $44,085.00. Following the completion of the transaction, the director owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by insiders.

United Parcel Service Stock Performance

Shares of UPS stock opened at $82.97 on Friday. 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 one year low of $82.00 and a one year high of $145.01. The company’s 50-day simple moving average is $85.74 and its 200-day simple moving average is $94.45. The stock has a market capitalization of $70.32 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.57 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS 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 company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the previous year, the business posted $1.79 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Monday, August 18th. United Parcel Service’s payout ratio is 97.62%.

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.