Aberdeen Group plc Purchases 35,559 Shares of United Parcel Service, Inc. $UPS

Key Points

• Aberdeen Group plc increased its holdings in United Parcel Service (UPS) by purchasing 35,559 shares, bringing its total to 545,096 shares valued at approximately $55 million.
• Other significant investors, including Goldman Sachs and Pacer Advisors, have also increased their positions significantly, with Goldman Sachs raising its stake by 124% in the first quarter.
• UPS shares recently traded down 2.7% and reported an earnings miss of $1.55 EPS, compared to the consensus estimate of $1.56.

Aberdeen Group plc increased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 545,096 shares of the transportation company's stock after purchasing an additional 35,559 shares during the period. Aberdeen Group plc owned approximately 0.06% of United Parcel Service worth $55,022,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock valued at $991,132,000 after buying an additional 4,988,044 shares during the last quarter. Pacer Advisors Inc. raised its position in United Parcel Service by 1,056.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock valued at $476,936,000 after buying an additional 3,961,255 shares during the last quarter. Nuveen LLC purchased a new stake in United Parcel Service in the 1st quarter valued at $201,358,000. Charles Schwab Investment Management Inc. raised its position in United Parcel Service by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock valued at $2,754,751,000 after buying an additional 1,780,807 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in United Parcel Service by 443.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company's stock valued at $156,453,000 after buying an additional 1,264,842 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director William R. Johnson acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average price of $86.50 per share, with a total value of $432,500.00. Following the acquisition, the director owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christiana Smith Shi acquired 500 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost 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. The trade was a ∞ 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. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 30th. Truist Financial lowered their price target on 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. Susquehanna lowered their price target on United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. Morgan Stanley lowered their price target on 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. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and a consensus price target of $109.38.

United Parcel Service Trading Down 2.7%

Shares of United Parcel Service stock opened at $82.97 on Friday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The firm has a market cap of $70.32 billion, a PE ratio of 12.35, a P/E/G ratio of 1.53 and a beta of 1.10. The stock has a fifty day moving average price of $85.74 and a 200-day moving average price of $94.34. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. During the same period in the prior year, the business earned $1.79 earnings per share. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.9%. United Parcel Service's dividend payout ratio (DPR) is 97.62%.

About United Parcel Service

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.

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