United Parcel Service, Inc. $UPS Shares Bought by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 11.7% in the second quarter, Holdings Channel.com reports. The fund owned 88,941 shares of the transportation company’s stock after buying an additional 9,350 shares during the quarter. United Parcel Service makes up 1.5% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 16th largest position. Gilman Hill Asset Management LLC’s holdings in United Parcel Service were worth $8,978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pinney & Scofield Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service in the fourth quarter valued at $28,000. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service in the first quarter valued at $26,000. Citizens National Bank Trust Department raised its stake in shares of 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 last quarter. Finally, Hemington Wealth Management raised its stake in shares of 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 last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS opened at $85.19 on Wednesday. The business’s 50 day moving average is $90.54 and its two-hundred day moving average is $98.37. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The firm has a market cap of $72.20 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.55 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.

United Parcel Service (NYSE:UPS) last announced 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). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same period in the previous year, the company earned $1.79 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is presently 97.62%.

Analysts Set New Price Targets

Several research firms have recently issued reports on UPS. Argus cut their price target on United Parcel Service from $150.00 to $120.00 in a research note on Friday, May 23rd. Truist Financial dropped 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. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a research report on Tuesday, July 8th. BNP Paribas upgraded United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. Finally, Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $112.34.

Insider Buying and Selling

In related news, Director Christiana Smith Shi acquired 500 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director directly owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William R. Johnson acquired 5,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the purchase, the director owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 17,182 shares of company stock worth $1,477,382 in the last three months. 0.13% of the stock is owned by insiders.

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.