Mitchell Sinkler & Starr PA Sells 134 Shares of United Parcel Service, Inc. $UPS

Mitchell Sinkler & Starr PA decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,903 shares of the transportation company’s stock after selling 134 shares during the period. Mitchell Sinkler & Starr PA’s holdings in United Parcel Service were worth $899,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Orca Investment Management LLC lifted its stake in United Parcel Service by 21.2% during the second quarter. Orca Investment Management LLC now owns 17,958 shares of the transportation company’s stock worth $1,813,000 after purchasing an additional 3,144 shares during the period. CWM LLC lifted its stake in United Parcel Service by 83.9% during the second quarter. CWM LLC now owns 178,243 shares of the transportation company’s stock worth $17,992,000 after purchasing an additional 81,317 shares during the period. Advocate Group LLC lifted its stake in United Parcel Service by 5.2% during the second quarter. Advocate Group LLC now owns 84,925 shares of the transportation company’s stock worth $8,572,000 after purchasing an additional 4,222 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in United Parcel Service by 42.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 74,443 shares of the transportation company’s stock worth $7,516,000 after purchasing an additional 22,298 shares during the period. Finally, Udine Wealth Management Inc. bought a new position in United Parcel Service during the second quarter worth about $2,235,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

UPS stock opened at $82.97 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The company has a 50 day moving average price of $85.74 and a 200 day moving average price of $94.34. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The stock has a market capitalization of $70.32 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter last year, the firm earned $1.79 EPS. 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 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 $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.9%. United Parcel Service’s payout ratio is 97.62%.

Insider Activity

In other news, CEO Carol B. Tome purchased 11,682 shares of the firm’s stock in a transaction dated 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 acquisition, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the transaction, the director directly owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders bought 17,182 shares of company stock valued at $1,477,382 in the last quarter. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of a number of research analyst reports. Truist Financial cut 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 note on Wednesday, July 30th. Wells Fargo & Company cut their target price on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 30th. BMO Capital Markets reiterated a “market perform” rating and issued a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Morgan Stanley cut their target price on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a research note on Wednesday, July 30th. Finally, Oppenheimer cut their target price on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $109.38.

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.