VIRGINIA RETIREMENT SYSTEMS ET Al Takes $9.51 Million Position in United Parcel Service, Inc. $UPS

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 94,200 shares of the transportation company’s stock, valued at approximately $9,509,000.

Other institutional investors and hedge funds 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 valued at about $26,000. Citizens National Bank Trust Department raised its holdings 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 valued at $27,000 after purchasing an additional 210 shares during the period. Hemington Wealth Management raised its holdings 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 valued at $31,000 after purchasing an additional 115 shares during the period. Saudi Central Bank bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $32,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $33,000. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome acquired 11,682 shares of the business’s stock in a transaction on Friday, August 1st. The stock was purchased 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 trade represents a 89.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christiana Smith Shi purchased 500 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired 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.

United Parcel Service Stock Performance

NYSE UPS opened at $86.88 on Tuesday. 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 company has a market capitalization of $73.64 billion, a P/E ratio of 12.93, a P/E/G ratio of 1.60 and a beta of 1.10. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. The firm has a 50-day moving average price of $85.59 and a two-hundred day moving average price of $93.34.

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). The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.79 EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 yield of 7.6%. United Parcel Service’s payout ratio is currently 97.62%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UPS shares. UBS Group decreased their price target on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. BMO Capital Markets reiterated a “market perform” rating and issued a $96.00 price target (down previously from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Evercore ISI decreased their price target on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research note on Wednesday, July 30th. Finally, Barclays decreased their price target on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $109.31.

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.