Aull & Monroe Investment Management Corp trimmed its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 13.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,130 shares of the transportation company’s stock after selling 1,525 shares during the period. Aull & Monroe Investment Management Corp’s holdings in United Parcel Service were worth $1,023,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after buying an additional 4,988,044 shares during the period. Pacer Advisors Inc. boosted its holdings in United Parcel Service by 1,056.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock worth $476,936,000 after buying an additional 3,961,255 shares during the period. Nuveen LLC bought a new position in United Parcel Service in the 1st quarter worth $201,358,000. Charles Schwab Investment Management Inc. boosted its holdings in United Parcel Service by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after buying an additional 1,780,807 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in United Parcel Service by 443.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock worth $156,453,000 after buying an additional 1,264,842 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.
United Parcel Service Stock Up 1.0%
Shares of NYSE:UPS opened at $86.48 on Friday. 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, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The company has a 50-day moving average price of $85.58 and a 200 day moving average price of $93.46. The company has a market cap of $73.30 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.60 and a beta of 1.10.
United Parcel Service Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors 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 dividend on an annualized basis and a dividend yield of 7.6%. United Parcel Service’s dividend payout ratio (DPR) is presently 97.62%.
Insider Activity at United Parcel Service
In other news, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 31st. The stock was purchased 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 trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 17,182 shares of company stock valued at $1,477,382. Insiders own 0.13% of the company’s stock.
Wall Street Analysts Forecast Growth
UPS has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Evercore ISI dropped their target price on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a report on Wednesday, July 30th. Truist Financial dropped 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 report on Wednesday, July 30th. Wolfe Research dropped their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a report on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $109.31.
Get Our Latest Stock Report on UPS
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.
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