Wilson & Boucher Capital Management LLC Reduces Stake in United Parcel Service, Inc. $UPS

Wilson & Boucher Capital Management LLC cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,305 shares of the transportation company’s stock after selling 350 shares during the quarter. Wilson & Boucher Capital Management LLC’s holdings in United Parcel Service were worth $474,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after acquiring an additional 4,988,044 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of United Parcel Service by 1,056.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock valued at $476,936,000 after purchasing an additional 3,961,255 shares in the last quarter. Nuveen LLC acquired a new stake in shares of United Parcel Service in the first quarter valued at approximately $201,358,000. Charles Schwab Investment Management Inc. grew its position in shares of United Parcel Service by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock valued at $2,754,751,000 after purchasing an additional 1,780,807 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of United Parcel Service by 582.0% during the 1st quarter. AQR Capital Management LLC now owns 1,180,709 shares of the transportation company’s stock worth $128,886,000 after purchasing an additional 1,007,585 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UPS. Truist Financial reduced their target price on United Parcel Service from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Susquehanna cut their price target on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Sunday. UBS Group dropped their price objective on United Parcel Service from $124.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Finally, Vertical Research reissued a “hold” rating and issued a $103.00 target price on shares of United Parcel Service 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 stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average price target of $112.59.

United Parcel Service Stock Performance

United Parcel Service stock opened at $84.32 on Tuesday. The stock has a fifty day moving average price of $92.84 and a 200 day moving average price of $99.62. United Parcel Service, Inc. has a 52 week low of $83.05 and a 52 week high of $145.01. The firm has a market capitalization of $71.47 billion, a P/E ratio of 12.55, a PEG ratio of 1.56 and a beta of 1.08. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS) last posted 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). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter last year, the firm earned $1.79 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current 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 given 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 yield of 7.8%. United Parcel Service’s dividend payout ratio is 97.62%.

Insiders Place Their Bets

In other news, CEO Carol B. Tome acquired 11,682 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 31st. The stock was purchased 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 $878,840. The trade was a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock valued at $1,477,382 over the last quarter. Company insiders own 0.13% of the company’s stock.

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.