Rep. Jefferson Shreve Sells United Parcel Service, Inc. (NYSE:UPS) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of United Parcel Service, Inc. NYSE: UPS. In a filing disclosed on March 09th, the Representative disclosed that they had sold between $15,001 and $50,000 in United Parcel Service stock on February 24th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025.
• Sold $15,001 - $50,000 in shares of Norfolk Southern NYSE: NSC on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025.
• Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 2/24/2025.

United Parcel Service Stock Performance

UPS stock traded down $0.17 during midday trading on Thursday, hitting $115.09. 4,628,398 shares of the stock traded hands, compared to its average volume of 4,453,200. The firm has a market cap of $98.30 billion, a P/E ratio of 17.02, a PEG ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock's fifty day simple moving average is $121.05 and its 200-day simple moving average is $127.47. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95.

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United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter last year, the firm earned $2.47 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.70%. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.

Hedge Funds Weigh In On United Parcel Service

A number of institutional investors have recently bought and sold shares of the company. Centaurus Financial Inc. raised its stake in United Parcel Service by 4.9% during the fourth quarter. Centaurus Financial Inc. now owns 5,281 shares of the transportation company's stock worth $666,000 after purchasing an additional 248 shares during the period. Wealthedge Investment Advisors LLC purchased a new position in United Parcel Service during the fourth quarter worth about $2,768,000. Aegis Wealth Management LLC purchased a new position in United Parcel Service during the fourth quarter worth about $352,000. Copia Wealth Management purchased a new position in United Parcel Service during the fourth quarter worth about $1,242,000. Finally, Wood Tarver Financial Group LLC purchased a new position in United Parcel Service during the fourth quarter worth about $80,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UPS has been the topic of several analyst reports. Robert W. Baird lowered shares of United Parcel Service from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $160.00 to $130.00 in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a research report on Friday, March 7th. They issued a "hold" rating and a $119.00 target price on the stock. Morgan Stanley dropped their target price on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $135.00 to $120.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Baird R W lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.09.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.