McIlrath & Eck LLC Has $157,000 Holdings in United Parcel Service, Inc. $UPS

McIlrath & Eck LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,432 shares of the transportation company’s stock after selling 283 shares during the period. McIlrath & Eck LLC’s holdings in United Parcel Service were worth $157,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service during the first quarter worth $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth $27,000. Citizens National Bank Trust Department grew its stake in shares of United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after purchasing an additional 210 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth $28,000. Finally, Hemington Wealth Management grew its stake in shares of United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after purchasing an additional 115 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In related news, Director Christiana Smith Shi purchased 500 shares of United Parcel Service stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director owned 500 shares of the company’s stock, valued at approximately $44,085. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the transaction, the director directly 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 disclosure for this purchase can be found here. Insiders bought 17,182 shares of company stock valued at $1,477,382 over the last three months. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 0.8%

UPS stock opened at $84.32 on Tuesday. 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 market capitalization of $71.47 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.56 and a beta of 1.08. The business has a 50-day moving average of $92.84 and a 200-day moving average of $99.62. United Parcel Service, Inc. has a fifty-two week low of $83.05 and a fifty-two week high of $145.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.79 earnings per share. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio is currently 97.62%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial decreased their target price 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 target price for the company in a research note on Thursday, July 3rd. Bank of America decreased their target price on United Parcel Service from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, September 2nd. Citigroup decreased their target price on United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Finally, Evercore ISI decreased their target price on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $112.59.

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.