Denali Advisors LLC Acquires 500 Shares of United Parcel Service, Inc. $UPS

Denali Advisors LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,900 shares of the transportation company’s stock after purchasing an additional 500 shares during the quarter. Denali Advisors LLC’s holdings in United Parcel Service were worth $596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brookstone Capital Management boosted its stake in United Parcel Service by 10.0% during the 2nd quarter. Brookstone Capital Management now owns 131,416 shares of the transportation company’s stock valued at $13,265,000 after purchasing an additional 11,948 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of United Parcel Service in the 2nd quarter worth approximately $34,000. Studio Investment Management LLC lifted its position in shares of United Parcel Service by 18.0% in the 2nd quarter. Studio Investment Management LLC now owns 7,235 shares of the transportation company’s stock worth $730,000 after acquiring an additional 1,103 shares during the period. D.A. Davidson & CO. lifted its position in shares of United Parcel Service by 1.8% in the 2nd quarter. D.A. Davidson & CO. now owns 166,411 shares of the transportation company’s stock worth $16,798,000 after acquiring an additional 2,925 shares during the period. Finally, St. Johns Investment Management Company LLC lifted its position in shares of United Parcel Service by 44.3% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 4,859 shares of the transportation company’s stock worth $490,000 after acquiring an additional 1,491 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on UPS shares. Truist Financial reduced their price objective on United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. UBS Group reduced their price objective on United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. Wells Fargo & Company reduced their price objective on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 30th. Galvan Research reduced their price objective on United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, June 30th. Finally, Bank of America reduced their price objective on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.31.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi purchased 500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director directly owned 500 shares of the company’s stock, valued at approximately $44,085. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated Thursday, July 31st. The stock was purchased at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% 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 three months. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 1.3%

Shares of UPS opened at $86.93 on Thursday. The stock has a 50 day simple moving average of $85.58 and a 200-day simple moving average of $93.26. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The stock has a market cap of $73.68 billion, a PE ratio of 12.94, a PEG ratio of 1.63 and a beta of 1.10. 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 (NYSE:UPS) last released its quarterly 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). 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 for the quarter, compared to analyst estimates of $20.90 billion. During the same period in the prior year, the business earned $1.79 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

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 dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

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.