Syntax Research Inc. Grows Position in United Parcel Service, Inc. $UPS

Syntax Research Inc. boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,503 shares of the transportation company’s stock after purchasing an additional 680 shares during the period. Syntax Research Inc.’s holdings in United Parcel Service were worth $656,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service during the 1st quarter worth approximately $26,000. Citizens National Bank Trust Department boosted its holdings in shares of United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 210 shares during the last quarter. Hemington Wealth Management boosted its holdings in shares of United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 115 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of United Parcel Service in the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of United Parcel Service in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $85.65 on Friday. The company’s fifty day moving average price is $86.54 and its 200 day moving average price is $95.70. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The company has a market capitalization of $72.60 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. 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 announced its quarterly 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 firm had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the company posted $1.79 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed 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 was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.7%. United Parcel Service’s dividend payout ratio is currently 97.62%.

Wall Street Analyst Weigh In

UPS has been the topic of several recent research reports. 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. UBS Group dropped their price objective on shares of United Parcel Service from $124.00 to $118.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday. Citigroup dropped their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Finally, Susquehanna dropped their price objective on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $110.41.

Insiders Place Their Bets

In related news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction on 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 transaction, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. The trade was a 96.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christiana Smith Shi acquired 500 shares of United Parcel Service stock in a transaction 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 completion of the transaction, the director directly owned 500 shares of the company’s stock, valued at $44,085. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 17,182 shares of company stock worth $1,477,382. Company insiders own 0.13% of the company’s stock.

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.