Hodges Capital Management Inc. Has $661,000 Stock Holdings in United Parcel Service, Inc. $UPS

Hodges Capital Management Inc. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 15.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,012 shares of the transportation company’s stock after acquiring an additional 824 shares during the quarter. Hodges Capital Management Inc.’s holdings in United Parcel Service were worth $661,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of United Parcel Service by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after acquiring an additional 999,832 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in United Parcel Service by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after purchasing an additional 1,780,807 shares during the last quarter. Goldman Sachs Group Inc. raised its position in United Parcel Service by 124.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after purchasing an additional 4,988,044 shares during the last quarter. Northern Trust Corp raised its position in United Parcel Service by 0.3% during the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock worth $815,633,000 after purchasing an additional 23,918 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in United Parcel Service by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock worth $519,059,000 after purchasing an additional 171,303 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 17,182 shares of company stock worth $1,477,382. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UPS. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Stifel Nicolaus lowered their target price on United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Bank of America reaffirmed an “underperform” rating and set a $83.00 target price (down from $91.00) on shares of United Parcel Service in a research report on Thursday. Truist Financial lowered their price objective on 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. Finally, Citigroup lowered their price objective on United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $112.34.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $84.40 on Friday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The firm has a market capitalization of $71.53 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.56 and a beta of 1.08. The business has a 50-day simple moving average of $91.22 and a 200 day simple moving average of $98.96. 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 (NYSE:UPS) last issued 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 firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the previous year, the firm earned $1.79 earnings per share. The business’s quarterly revenue was down 2.7% on a year-over-year basis. On average, research 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 declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. United Parcel Service’s payout ratio is 97.62%.

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.