Valeo Financial Advisors LLC Boosts Stock Position in United Parcel Service, Inc. $UPS

Valeo Financial Advisors LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,071 shares of the transportation company’s stock after acquiring an additional 1,856 shares during the period. Valeo Financial Advisors LLC’s holdings in United Parcel Service were worth $2,632,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service during the 1st quarter valued at approximately $26,000. Citizens National Bank Trust Department raised its stake in United Parcel Service by 525.0% during 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 raised its stake in United Parcel Service by 68.9% during 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 United Parcel Service during the 1st quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in United Parcel Service during the 1st quarter valued at approximately $33,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at United Parcel Service

In related news, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director owned 500 shares in the company, valued at $44,085. This represents a ? increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $86.61 on Tuesday. The business’s 50 day simple moving average is $85.91 and its 200-day simple moving average is $94.97. The firm has a market capitalization of $73.41 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS 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 analysts’ expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.United Parcel Service’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $1.79 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.6%. United Parcel Service’s payout ratio is 97.62%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on UPS shares. Citigroup dropped their target price on United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Bank of America dropped 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. Barclays dropped their target price on United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a research report on Thursday, July 31st. Wall Street Zen cut United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Finally, Truist Financial dropped their target price on United Parcel Service from $130.00 to $120.00 and set a “buy” rating on the stock in a research 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 four have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $110.16.

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.