United Parcel Service, Inc. $UPS Shares Acquired by Godsey & Gibb Inc.

Godsey & Gibb Inc. raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 161,606 shares of the transportation company’s stock after purchasing an additional 5,470 shares during the period. Godsey & Gibb Inc.’s holdings in United Parcel Service were worth $16,312,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of UPS. Brighton Jones LLC boosted its stake in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the period. Vest Financial LLC lifted its position in shares of United Parcel Service by 73.5% in the 1st quarter. Vest Financial LLC now owns 8,436 shares of the transportation company’s stock worth $928,000 after buying an additional 3,574 shares during the last quarter. LexAurum Advisors LLC lifted its position in shares of United Parcel Service by 40.2% in the 1st quarter. LexAurum Advisors LLC now owns 3,851 shares of the transportation company’s stock worth $424,000 after buying an additional 1,104 shares during the last quarter. Wedmont Private Capital lifted its position in shares of United Parcel Service by 25.4% in the 1st quarter. Wedmont Private Capital now owns 3,930 shares of the transportation company’s stock worth $432,000 after buying an additional 797 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in shares of United Parcel Service by 18.8% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 6,635 shares of the transportation company’s stock worth $730,000 after acquiring an additional 1,051 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In related news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction dated 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 acquisition, the director owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction that occurred on 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 completion of the purchase, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Price Performance

Shares of UPS opened at $86.61 on Tuesday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a 50 day simple moving average of $85.91 and a 200 day simple moving average of $94.97. The firm has a market capitalization of $73.41 billion, a PE ratio of 12.89, a P/E/G ratio of 1.60 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data 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). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the prior year, the company earned $1.79 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side 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 disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service’s dividend payout ratio (DPR) is presently 97.62%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wolfe Research reduced their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, July 1st. BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Truist Financial dropped their price target on shares of 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, Evercore ISI dropped their target price on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $110.16.

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.