Eagle Bluffs Wealth Management LLC Buys 349 Shares of United Parcel Service, Inc. $UPS

Eagle Bluffs Wealth Management LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,251 shares of the transportation company’s stock after acquiring an additional 349 shares during the quarter. Eagle Bluffs Wealth Management LLC’s holdings in United Parcel Service were worth $732,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UPS. Graybill Wealth Management LTD. bought a new stake in United Parcel Service during the first quarter worth approximately $26,000. Citizens National Bank Trust Department increased its stake in 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 acquiring an additional 210 shares during the last quarter. Hemington Wealth Management increased its stake in 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 acquiring an additional 115 shares during the last quarter. Saudi Central Bank bought a new stake in United Parcel Service during the first quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC bought a new stake in United Parcel Service during the first quarter worth approximately $33,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of several analyst reports. Wolfe Research reduced their price objective on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 1st. Truist Financial dropped their target price 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. BMO Capital Markets restated a “market perform” rating and set a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Susquehanna dropped their target price 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. Finally, UBS Group dropped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $111.38.

United Parcel Service Stock Up 0.9%

United Parcel Service stock opened at $84.46 on Tuesday. The business has a fifty day moving average of $87.61 and a two-hundred day moving average of $96.09. 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 firm has a market cap of $71.59 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.54 and a beta of 1.08. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company 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%.The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.79 EPS. On average, 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 business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued 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 dividend payout ratio is currently 97.62%.

Insiders Place Their Bets

In related news, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction on Friday, August 1st. The stock was bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, 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 dated Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 17,182 shares of company stock worth $1,477,382 over the last 90 days. Company insiders own 0.13% of the company’s stock.

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.