SYM FINANCIAL Corp Has $333,000 Stake in United Parcel Service, Inc. $UPS

SYM FINANCIAL Corp grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 50.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,302 shares of the transportation company’s stock after purchasing an additional 1,102 shares during the period. SYM FINANCIAL Corp’s holdings in United Parcel Service were worth $333,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in UPS. Brighton Jones LLC increased its holdings in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of United Parcel Service by 62.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 105,599 shares of the transportation company’s stock valued at $11,615,000 after purchasing an additional 40,649 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of United Parcel Service by 61.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company’s stock valued at $173,000 after purchasing an additional 599 shares during the period. Joel Isaacson & Co. LLC increased its holdings in shares of United Parcel Service by 4.9% in the 1st quarter. Joel Isaacson & Co. LLC now owns 5,854 shares of the transportation company’s stock valued at $644,000 after purchasing an additional 276 shares during the period. Finally, Root Financial Partners LLC acquired a new position in shares of United Parcel Service in the 1st quarter valued at about $206,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction dated 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 acquisition, the director directly owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carol B. Tome purchased 11,682 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 17,182 shares of company stock valued at $1,477,382 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on UPS. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. UBS Group lowered their price target on United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Truist Financial lowered their price target on 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. BNP Paribas Exane raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target for the company in a research note on Thursday, July 3rd. Finally, Wall Street Zen cut United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average target price of $109.31.

United Parcel Service Stock Up 2.2%

Shares of United Parcel Service stock opened at $89.12 on Tuesday. The stock has a market capitalization of $75.53 billion, a P/E ratio of 13.26, a PEG ratio of 1.62 and a beta of 1.10. 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 stock has a 50 day moving average price of $85.58 and a two-hundred day moving average price of $93.06. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $138.67.

United Parcel Service (NYSE:UPS) last announced its earnings results 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 company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.79 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a dividend of $1.64 per share. 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 7.4%. United Parcel Service’s dividend payout ratio is presently 97.62%.

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.