Community Bank N.A. Buys 5,617 Shares of United Parcel Service, Inc. $UPS

Community Bank N.A. raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 13.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,822 shares of the transportation company’s stock after buying an additional 5,617 shares during the period. Community Bank N.A.’s holdings in United Parcel Service were worth $4,928,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UPS. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $26,000. Citizens National Bank Trust Department grew its position 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 buying an additional 210 shares during the last quarter. Hemington Wealth Management grew its position 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 buying an additional 115 shares during the last quarter. Saudi Central Bank bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $32,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of United Parcel Service during the 1st quarter valued at about $33,000. Institutional investors own 60.26% of the company’s stock.

Insider Activity

In related news, CEO Carol B. Tome bought 11,682 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 17,182 shares of company stock worth $1,477,382 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Price Performance

Shares of UPS opened at $83.20 on Tuesday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. The business’s fifty day moving average is $85.70 and its 200 day moving average is $94.04. 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 market cap of $70.51 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.53 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last issued 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). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the prior year, the business earned $1.79 earnings per share. United Parcel Service’s revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Bank of America cut their target price on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. Vertical Research restated a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a research report on Wednesday, July 30th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Stifel Nicolaus cut their target price on 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, Wall Street Zen lowered United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $109.31.

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.