Exeter Financial LLC Grows Holdings in United Parcel Service, Inc. $UPS

Exeter Financial LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 24,250 shares of the transportation company’s stock after acquiring an additional 1,427 shares during the period. Exeter Financial LLC’s holdings in United Parcel Service were worth $2,448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service in the 1st quarter worth about $26,000. Citizens National Bank Trust Department increased its position in shares of United Parcel Service by 525.0% in the 1st 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 during the last quarter. Hemington Wealth Management increased its position in shares of United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after purchasing an additional 115 shares during the last quarter. Saudi Central Bank bought a new stake in shares of United Parcel Service in the 1st quarter worth about $32,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service in the 1st quarter worth about $33,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.5%

United Parcel Service stock opened at $83.98 on Thursday. 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 firm has a 50-day moving average price of $88.55 and a two-hundred day moving average price of $97.06. The firm has a market capitalization of $71.18 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.56 and a beta of 1.08. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS 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 business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the firm earned $1.79 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company 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%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Vertical Research reaffirmed a “hold” rating and set a $103.00 price objective on shares of United Parcel Service in a research report on Wednesday, July 30th. Truist Financial lowered their price objective 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. Citigroup lowered their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Wall Street Zen downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Finally, BNP Paribas raised shares of United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.44.

Insider Activity

In related news, Director Christiana Smith Shi acquired 500 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were purchased 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 $44,085. This represents a ∞ 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 William R. Johnson acquired 5,000 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was bought 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 approximately $878,840. This trade represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 17,182 shares of company stock worth $1,477,382 over the last 90 days. 0.13% of the stock is owned by company 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.