Rep. Marjorie Taylor Greene Buys United Parcel Service, Inc. (NYSE:UPS) Shares

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of United Parcel Service, Inc. (NYSE:UPS). In a filing disclosed on November 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in United Parcel Service stock on November 25th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of GSK (NYSE:GSK) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Nestlé (OTCMKTS:NSRGY) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 11/25/2024.

United Parcel Service Price Performance

UPS stock opened at $135.85 on Friday. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The firm has a 50-day moving average of $133.55 and a two-hundred day moving average of $133.87. The firm has a market capitalization of $115.93 billion, a PE ratio of 20.52, a P/E/G ratio of 2.23 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.80%. United Parcel Service’s payout ratio is presently 98.49%.

Hedge Funds Weigh In On United Parcel Service

A number of institutional investors have recently modified their holdings of the company. Peapack Gladstone Financial Corp raised its holdings in United Parcel Service by 15.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 83,104 shares of the transportation company’s stock worth $11,330,000 after acquiring an additional 11,305 shares during the period. Synovus Financial Corp grew its position in shares of United Parcel Service by 8.6% in the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after purchasing an additional 6,941 shares during the last quarter. Tidal Investments LLC increased its stake in shares of United Parcel Service by 26.8% in the third quarter. Tidal Investments LLC now owns 34,255 shares of the transportation company’s stock worth $4,670,000 after purchasing an additional 7,240 shares during the period. Optimist Retirement Group LLC lifted its position in shares of United Parcel Service by 28.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 3,079 shares of the transportation company’s stock worth $420,000 after purchasing an additional 680 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of United Parcel Service by 31.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 33,777 shares of the transportation company’s stock worth $4,605,000 after purchasing an additional 8,097 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. UBS Group raised their price objective on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Barclays reiterated an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Bank of America raised their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.