United Parcel Service, Inc. $UPS Stock Position Increased by Ancora Advisors LLC

Ancora Advisors LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 213.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,544 shares of the transportation company’s stock after purchasing an additional 9,897 shares during the period. Ancora Advisors LLC’s holdings in United Parcel Service were worth $1,600,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in UPS. Pinney & Scofield Inc. bought a new position in United Parcel Service in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service during the 4th quarter worth $28,000. Graybill Wealth Management LTD. acquired a new position in United Parcel Service during the 1st quarter worth $26,000. Citizens National Bank Trust Department grew its stake in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Finally, Hemington Wealth Management increased its holdings in shares of United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the business’s stock in a transaction on Friday, August 1st. The stock was bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer owned 24,718 shares in the company, valued at approximately $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. Over the last ninety days, insiders have acquired 17,182 shares of company stock valued at $1,477,382. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 1.0%

Shares of United Parcel Service stock opened at $84.47 on Friday. United Parcel Service, Inc. has a 12-month low of $83.67 and a 12-month high of $145.01. The firm has a market capitalization of $71.59 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.57 and a beta of 1.08. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock’s fifty day moving average is $93.50 and its 200-day moving average is $100.28.

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

United Parcel Service Announces Dividend

The firm also recently declared 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. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. United Parcel Service’s payout ratio is currently 97.62%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Truist Financial decreased their target price 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. Bank of America decreased their price objective on shares of United Parcel Service from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday. Redburn Atlantic dropped their target price on United Parcel Service from $137.00 to $117.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. BNP Paribas Exane raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target for the company in a research note on Thursday, July 3rd. Finally, Evercore ISI dropped their price objective on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $112.59.

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.