United Parcel Service, Inc. $UPS Shares Sold by Marks Wealth LLC

Marks Wealth LLC reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 13.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,256 shares of the transportation company’s stock after selling 827 shares during the quarter. United Parcel Service accounts for 0.2% of Marks Wealth LLC’s portfolio, making the stock its 12th largest position. Marks Wealth LLC’s holdings in United Parcel Service were worth $531,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UPS. Founders Capital Management LLC increased its stake in United Parcel Service by 8.3% during the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock valued at $11,245,000 after buying an additional 8,579 shares during the period. Gallacher Capital Management LLC acquired a new position in shares of United Parcel Service during the first quarter valued at approximately $620,000. Garde Capital Inc. acquired a new position in shares of United Parcel Service during the first quarter valued at approximately $37,000. Capital CS Group LLC increased its stake in shares of United Parcel Service by 3.6% during the second quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock valued at $23,730,000 after acquiring an additional 8,070 shares during the period. Finally, CX Institutional increased its position in shares of United Parcel Service by 39.9% during the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock valued at $6,073,000 after purchasing an additional 17,152 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 1.0%

NYSE:UPS opened at $84.35 on Thursday. The firm has a market capitalization of $71.49 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.54 and a beta of 1.10. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The business’s fifty day moving average price is $86.88 and its 200 day moving average price is $95.92.

United Parcel Service (NYSE:UPS) last posted 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). The business had revenue of $21.20 billion for 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 firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.79 earnings per share. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christiana Smith Shi acquired 500 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director owned 500 shares in the company, valued at approximately $44,085. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

UPS has been the topic of several research reports. Wall Street Zen cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Truist Financial dropped their target price on shares of United Parcel Service from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Citigroup dropped their target price on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Bank of America dropped their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $96.00 price target (down previously from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $111.38.

United Parcel Service 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.