Rep. Marjorie Taylor Greene Buys United Parcel Service, Inc. (NYSE:UPS) Stock

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of United Parcel Service, Inc. (NYSE:UPS). In a filing disclosed on January 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in United Parcel Service stock on January 8th. The trade occurred in the Representative’s “LGS TRUST” account.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Old Dominion Freight Line (NASDAQ:ODFL) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Kinder Morgan (NYSE:KMI) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Cardinal Health (NYSE:CAH) on 1/21/2025.

United Parcel Service Stock Down 0.6 %

UPS stock opened at $135.46 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm’s 50-day simple moving average is $128.97 and its 200 day simple moving average is $130.75. The stock has a market cap of $115.59 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. United Parcel Service, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $158.95.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barclays reissued an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Citigroup decreased their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.24.

Insiders Place Their Bets

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds have recently made changes to their positions in UPS. Angeles Wealth Management LLC boosted its holdings in shares of United Parcel Service by 65.7% in the 4th quarter. Angeles Wealth Management LLC now owns 4,613 shares of the transportation company’s stock valued at $582,000 after buying an additional 1,829 shares during the last quarter. Stiles Financial Services Inc lifted its stake in United Parcel Service by 16.1% in the fourth quarter. Stiles Financial Services Inc now owns 11,985 shares of the transportation company’s stock valued at $1,511,000 after acquiring an additional 1,663 shares during the last quarter. HTLF Bank increased its stake in shares of United Parcel Service by 1.9% during the 4th quarter. HTLF Bank now owns 41,845 shares of the transportation company’s stock worth $5,277,000 after purchasing an additional 782 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $77,000. Finally, Kestra Private Wealth Services LLC grew its holdings in United Parcel Service by 9.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 78,852 shares of the transportation company’s stock worth $9,943,000 after purchasing an additional 6,943 shares during the period. 60.26% of the stock is owned by institutional investors.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.