HB Wealth Management LLC Sells 2,678 Shares of United Parcel Service, Inc. $UPS

HB Wealth Management LLC lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,397 shares of the transportation company’s stock after selling 2,678 shares during the period. HB Wealth Management LLC’s holdings in United Parcel Service were worth $4,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. bought a new position in United Parcel Service during the first quarter worth about $26,000. Citizens National Bank Trust Department lifted 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 valued at $27,000 after purchasing an additional 210 shares in the last quarter. Hemington Wealth Management lifted 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 valued at $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank bought a new position in shares of United Parcel Service during the 1st quarter valued at about $32,000. Finally, Flaharty Asset Management LLC bought a new position in shares of United Parcel Service during the 1st quarter valued at about $33,000. Institutional investors own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In related news, CEO Carol B. Tome acquired 11,682 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christiana Smith Shi acquired 500 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were bought 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 approximately $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock worth $1,477,382 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on UPS shares. Barclays cut their price objective on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, July 31st. Truist Financial cut 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. BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price objective on the stock in a report on Thursday, July 3rd. Wells Fargo & Company cut their price objective on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 30th. Finally, Wolfe Research cut their price objective on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus target price of $111.38.

United Parcel Service Price Performance

NYSE UPS opened at $84.35 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. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. The company has a market capitalization of $71.49 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10. The firm’s 50 day moving average is $86.88 and its 200-day moving average is $95.92.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 quarter last year, the business earned $1.79 earnings per share. United Parcel Service’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share 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. Stockholders of record on Monday, August 18th were paid 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 dividend payout ratio is currently 97.62%.

United Parcel Service 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.