Franklin Street Advisors Inc. NC Increases Stock Holdings in United Parcel Service, Inc. $UPS

Franklin Street Advisors Inc. NC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,972 shares of the transportation company’s stock after acquiring an additional 255 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in United Parcel Service were worth $401,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service in the 1st quarter valued at about $26,000. Citizens National Bank Trust Department raised its position in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares in the last quarter. Hemington Wealth Management raised its position in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank acquired a new stake in United Parcel Service in the 1st quarter valued at about $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in United Parcel Service in the 1st quarter valued at about $33,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Christiana Smith Shi purchased 500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director directly owned 500 shares of the company’s stock, valued at $44,085. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $878,840. The trade was a 96.90% 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UPS shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research report on Saturday, September 27th. Wall Street Zen lowered United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Galvan Research cut their target price on United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, June 30th. Truist Financial cut 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. Finally, JPMorgan Chase & Co. cut their target price on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $110.16.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $86.79 on Friday. The stock’s 50-day simple moving average is $86.20 and its 200-day simple moving average is $95.48. The firm has a market capitalization of $73.56 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.58 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.79 EPS. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS 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. Investors of record on Monday, August 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 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.