Alliancebernstein L.P. Has $97.24 Million Holdings in United Parcel Service, Inc. $UPS

Key Points

• AllianceBernstein L.P. increased its holdings in United Parcel Service, Inc. by 7.9% during the first quarter, now owning 884,063 shares valued at approximately $97.24 million.
• United Parcel Service recently reported quarterly earnings of $1.55 per share, slightly missing analysts' expectations, with revenue of $21.20 billion for the quarter, which is down 2.7% year-over-year.
• The company declared a quarterly dividend of $1.64 per share, leading to an annualized dividend yield of 7.7% and a dividend payout ratio of 97.62%.

Alliancebernstein L.P. grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 884,063 shares of the transportation company's stock after acquiring an additional 64,530 shares during the quarter. Alliancebernstein L.P. owned about 0.10% of United Parcel Service worth $97,238,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Graybill Wealth Management LTD. bought a new position in United Parcel Service in the 1st quarter valued at about $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the 4th quarter worth about $27,000. Citizens National Bank Trust Department lifted its stake in shares of United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after acquiring an additional 210 shares during the period. Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $28,000. Finally, Hemington Wealth Management boosted its holdings in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after acquiring an additional 115 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on UPS shares. Wall Street Zen raised United Parcel Service from a "sell" rating to a "hold" rating in a report on Sunday. BNP Paribas upgraded United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Stifel Nicolaus cut their price objective on United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Vertical Research reaffirmed a "hold" rating and set a $103.00 target price on shares of United Parcel Service in a research note on Wednesday, July 30th. Finally, Wolfe Research lowered their target price on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $112.59.

Insiders Place Their Bets

In other news, CEO Carol B. Tome bought 11,682 shares of the company's stock in a transaction dated Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christiana Smith Shi purchased 500 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director directly owned 500 shares of the company's stock, valued at $44,085. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 17,182 shares of company stock worth $1,477,382 over the last ninety days. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Price Performance

Shares of UPS traded up $0.48 during trading hours on Friday, hitting $84.96. 8,580,388 shares of the company were exchanged, compared to its average volume of 8,021,019. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $72.01 billion, a PE ratio of 12.64, a PEG ratio of 1.56 and a beta of 1.08. The firm has a fifty day simple moving average of $93.18 and a 200-day simple moving average of $99.96. United Parcel Service, Inc. has a one year low of $83.67 and a one year high of $145.01.

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 analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same period last year, the firm earned $1.79 earnings per share. The firm's revenue for the quarter was down 2.7% on a year-over-year basis. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 7.7%. The ex-dividend date was Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

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.