United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 6.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,036,669 shares of the transportation company’s stock after selling 66,733 shares during the quarter. Truist Financial Corp owned approximately 0.12% of United Parcel Service worth $141,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC increased its stake in shares of United Parcel Service by 30.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 26,943 shares of the transportation company’s stock valued at $3,687,000 after acquiring an additional 6,265 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in United Parcel Service in the second quarter valued at approximately $19,021,000. B. Riley Wealth Advisors Inc. increased its position in United Parcel Service by 8.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 24,205 shares of the transportation company’s stock worth $3,312,000 after purchasing an additional 1,863 shares during the last quarter. Quarry LP raised its stake in United Parcel Service by 453.6% during the second quarter. Quarry LP now owns 537 shares of the transportation company’s stock worth $73,000 after purchasing an additional 440 shares during the period. Finally, Wallace Advisory Group LLC boosted its holdings in shares of United Parcel Service by 161.0% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,469 shares of the transportation company’s stock valued at $475,000 after purchasing an additional 2,140 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at United Parcel Service

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

United Parcel Service Trading Up 1.5 %

UPS opened at $136.30 on Tuesday. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $116.61 billion, a PE ratio of 19.75, a P/E/G ratio of 1.98 and a beta of 0.99. The firm’s fifty day moving average price is $128.57 and its 200 day moving average price is $138.24.

United Parcel Service (NYSE:UPS) last issued its 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 during 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%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.54 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.78%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UPS. Evercore ISI dropped their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Baird R W raised United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Barclays dropped their target price on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Wells Fargo & Company reduced their price target on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Finally, Robert W. Baird dropped their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.68.

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.