Studio Investment Management LLC Purchases 1,103 Shares of United Parcel Service, Inc. $UPS

Studio Investment Management LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 18.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,235 shares of the transportation company’s stock after purchasing an additional 1,103 shares during the period. Studio Investment Management LLC’s holdings in United Parcel Service were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Graybill Wealth Management LTD. bought a new position in shares of United Parcel Service during the first quarter worth approximately $26,000. Mid American Wealth Advisory Group Inc. bought a new position in United Parcel Service during the 2nd quarter worth $26,000. Citizens National Bank Trust Department increased its stake in 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 worth $27,000 after acquiring an additional 210 shares during the period. Hemington Wealth Management increased its stake in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after acquiring an additional 115 shares during the period. Finally, Saudi Central Bank bought a new position in United Parcel Service during the 1st quarter worth $32,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 1.3%

Shares of UPS stock opened at $88.07 on Wednesday. The stock’s fifty day moving average price is $85.61 and its two-hundred day moving average price is $93.30. The company has a market cap of $74.64 billion, a PE ratio of 13.11, a P/E/G ratio of 1.61 and a beta of 1.10. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share 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 analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.79 EPS. Equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.4%. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Insider Activity at United Parcel Service

In other news, Director Christiana Smith Shi acquired 500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director directly owned 500 shares in the company, valued at $44,085. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Carol B. Tome acquired 11,682 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the acquisition, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. Vertical Research restated a “hold” rating and set a $103.00 price objective on shares of United Parcel Service in a research note on Wednesday, July 30th. Truist Financial lowered their price objective on United Parcel Service from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Finally, Susquehanna lowered their price objective on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. One research 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. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $109.31.

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.