Blue Trust Inc. Sells 219 Shares of United Parcel Service, Inc. $UPS

Blue Trust Inc. cut its position in United Parcel Service, Inc. (NYSE:UPS) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 19,910 shares of the transportation company’s stock after selling 219 shares during the period. Blue Trust Inc.’s holdings in United Parcel Service were worth $2,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. Graybill Wealth Management LTD. bought a new position in shares of United Parcel Service in the first quarter valued at $26,000. Citizens National Bank Trust Department boosted its position 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 purchasing an additional 210 shares during the period. Hemington Wealth Management boosted its position 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 purchasing an additional 115 shares during the period. Saudi Central Bank bought a new position in United Parcel Service during the first quarter worth $32,000. Finally, Flaharty Asset Management LLC bought a new position in United Parcel Service during the first quarter worth $33,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial reduced 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. BNP Paribas raised shares of United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. Stifel Nicolaus reduced their price objective on shares of 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. UBS Group reduced their price objective on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. Finally, Morgan Stanley reduced 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 report on Wednesday, July 30th. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $109.38.

United Parcel Service Stock Down 2.7%

UPS opened at $82.97 on Friday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two 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 company has a market capitalization of $70.32 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.57 and a beta of 1.10. The stock has a fifty day moving average of $85.74 and a 200-day moving average of $94.45.

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). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same period in the prior year, the business posted $1.79 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio is 97.62%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction on Friday, August 22nd. The shares were purchased at an average price 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director owned 10,160 shares in the company, valued at approximately $878,840. The trade was a 96.90% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 17,182 shares of company stock valued at $1,477,382. Company insiders own 0.13% of the company’s stock.

United Parcel Service 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.