KPP Advisory Services LLC Boosts Stock Position in United Parcel Service, Inc. $UPS

KPP Advisory Services LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,390 shares of the transportation company’s stock after buying an additional 719 shares during the quarter. KPP Advisory Services LLC’s holdings in United Parcel Service were worth $1,049,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Founders Capital Management LLC lifted its holdings in United Parcel Service by 8.3% in the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock valued at $11,245,000 after acquiring an additional 8,579 shares during the last quarter. Gallacher Capital Management LLC purchased a new stake in United Parcel Service in the first quarter valued at $620,000. Garde Capital Inc. acquired a new position in shares of United Parcel Service in the 1st quarter valued at $37,000. Capital CS Group LLC grew its holdings in shares of United Parcel Service by 3.6% during the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock worth $23,730,000 after purchasing an additional 8,070 shares during the period. Finally, CX Institutional increased its position in shares of United Parcel Service by 39.9% during the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock worth $6,073,000 after purchasing an additional 17,152 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In related news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the acquisition, the director owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christiana Smith Shi purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the acquisition, the director owned 500 shares of the company’s stock, valued at approximately $44,085. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 17,182 shares of company stock worth $1,477,382 in the last quarter. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial lowered their price objective on shares of United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Susquehanna lowered their price target on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, July 30th. Wells Fargo & Company cut their price objective on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research report on Saturday, September 27th. Finally, Morgan Stanley lowered their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a research note 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $110.16.

United Parcel Service Stock Performance

Shares of UPS opened at $86.79 on Monday. The company has a market capitalization of $73.56 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. 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 50 day moving average price of $86.20 and a 200 day moving average price of $95.17.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same period last year, the business earned $1.79 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. Research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company 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 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is presently 97.62%.

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.