United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Farmers National Bank

Farmers National Bank boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,366 shares of the transportation company’s stock after acquiring an additional 185 shares during the period. United Parcel Service comprises approximately 1.2% of Farmers National Bank’s portfolio, making the stock its 27th largest position. Farmers National Bank’s holdings in United Parcel Service were worth $4,019,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Aveo Capital Partners LLC purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $218,000. Jones Financial Companies Lllp increased its holdings in shares of United Parcel Service by 82.2% in the 4th quarter. Jones Financial Companies Lllp now owns 4,423 shares of the transportation company’s stock valued at $695,000 after acquiring an additional 1,996 shares during the period. Rafferty Asset Management LLC raised its position in United Parcel Service by 1.9% in the 4th quarter. Rafferty Asset Management LLC now owns 74,924 shares of the transportation company’s stock valued at $11,780,000 after purchasing an additional 1,430 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in United Parcel Service by 248.2% during the 4th quarter. Belpointe Asset Management LLC now owns 7,640 shares of the transportation company’s stock worth $1,201,000 after purchasing an additional 5,446 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in United Parcel Service by 127.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 88,783 shares of the transportation company’s stock worth $13,959,000 after purchasing an additional 49,744 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now owns 5,160 shares in the company, valued at $663,627.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 2.2 %

Shares of NYSE UPS opened at $133.29 on Wednesday. The stock has a market capitalization of $114.04 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The firm has a 50-day moving average price of $128.69 and a 200 day moving average price of $138.10. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.54 earnings per share. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on UPS shares. Robert W. Baird reduced their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Baird R W raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Oppenheimer dropped their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, Wells Fargo & Company cut their price target on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus price target of $149.68.

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.