United Parcel Service, Inc. $UPS Shares Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,037 shares of the transportation company’s stock after purchasing an additional 364 shares during the period. Focus Financial Network Inc.’s holdings in United Parcel Service were worth $508,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Gallacher Capital Management LLC acquired a new stake in United Parcel Service during the 1st quarter valued at $620,000. Garde Capital Inc. bought a new position in United Parcel Service during the 1st quarter valued at $37,000. Golden State Wealth Management LLC boosted its stake in United Parcel Service by 61.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 599 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company’s stock valued at $381,000 after acquiring an additional 193 shares during the last quarter. Finally, Advisor Resource Council bought a new position in United Parcel Service during the 1st quarter valued at $437,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at United Parcel Service

In related 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 acquired at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carol B. Tome bought 11,682 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, 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 a total of 17,182 shares of company stock valued at $1,477,382 over the last quarter. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

Shares of UPS stock opened at $84.14 on Friday. The company has a market capitalization of $71.31 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The company’s 50 day moving average price is $89.48 and its two-hundred day moving average price is $97.66. 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 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). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the prior year, the business posted $1.79 earnings per share. United Parcel Service’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is 97.62%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 8th. Oppenheimer reduced their price objective on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. Stifel Nicolaus reduced their price target on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Finally, Truist Financial dropped their price objective on shares of United Parcel Service from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $111.44.

United Parcel Service 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.