Steigerwald Gordon & Koch Inc. Boosts Holdings in United Parcel Service, Inc. $UPS

Steigerwald Gordon & Koch Inc. increased its holdings 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. The institutional investor owned 105,398 shares of the transportation company’s stock after purchasing an additional 466 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in United Parcel Service were worth $10,639,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service during the 1st quarter worth approximately $26,000. Citizens National Bank Trust Department raised its holdings 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 acquiring an additional 210 shares in the last quarter. Hemington Wealth Management raised its holdings 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 acquiring an additional 115 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of United Parcel Service during the 1st quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of United Parcel Service during the 1st quarter worth approximately $33,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of UPS stock opened at $84.43 on Tuesday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The stock has a market capitalization of $71.56 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.55 and a beta of 1.08. The stock has a fifty day simple moving average of $89.16 and a two-hundred day simple moving average of $97.24. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS) last issued its 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). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter in the prior year, the company posted $1.79 earnings per share. United Parcel Service’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

Analyst Upgrades and Downgrades

UPS has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Evercore ISI decreased their price objective on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a report on Wednesday, July 30th. Truist Financial decreased their price objective on United Parcel Service from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Wolfe Research cut their target price on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 1st. Finally, Oppenheimer cut their target price on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average price target of $111.44.

Insiders Place Their Bets

In other news, Director Christiana Smith Shi bought 500 shares of the stock in a transaction on Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director owned 500 shares of the company’s stock, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William R. Johnson bought 5,000 shares of the stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% 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 company insiders.

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.