Doheny Asset Management CA Acquires Shares of 25,709 United Parcel Service, Inc. $UPS

Doheny Asset Management CA acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,709 shares of the transportation company’s stock, valued at approximately $2,828,000. United Parcel Service makes up about 2.2% of Doheny Asset Management CA’s investment portfolio, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Colonial Trust Co SC lifted its holdings in United Parcel Service by 1.4% in the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock valued at $911,000 after purchasing an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC lifted its holdings in United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock valued at $454,000 after purchasing an additional 101 shares in the last quarter. TCV Trust & Wealth Management Inc. lifted its holdings in United Parcel Service by 1.4% in the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock valued at $830,000 after purchasing an additional 103 shares in the last quarter. Diligent Investors LLC lifted its holdings in United Parcel Service by 1.7% in the 4th quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company’s stock valued at $848,000 after purchasing an additional 111 shares in the last quarter. Finally, Lodestone Wealth Management LLC lifted its holdings in United Parcel Service by 6.2% in the 1st quarter. Lodestone Wealth Management LLC now owns 1,895 shares of the transportation company’s stock valued at $208,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity

In other news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was bought at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director directly owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the company’s stock in a transaction on Friday, August 1st. The stock was purchased at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, 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 own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on UPS. Truist Financial reduced their price target on United Parcel Service from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Bank of America reiterated a “neutral” rating and set a $98.00 price target on shares of United Parcel Service in a report on Tuesday, July 29th. Morgan Stanley reduced their price target on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a report on Wednesday, July 30th. Wells Fargo & Company reduced their price target on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 30th. Finally, Evercore ISI reduced their price target on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $112.81.

United Parcel Service Stock Performance

NYSE UPS opened at $88.7140 on Friday. The company has a market cap of $75.19 billion, a P/E ratio of 13.20, a P/E/G ratio of 1.58 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a 50-day moving average of $95.89 and a two-hundred day moving average of $102.00. United Parcel Service, Inc. has a 1-year low of $84.28 and a 1-year high of $145.01.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm 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 business’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.79 earnings per share. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service’s payout ratio is currently 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.