APG Asset Management N.V. Has $6.16 Million Stock Position in United Parcel Service, Inc. $UPS

Key Points

• APG Asset Management N.V. increased its stake in United Parcel Service (UPS) by 42.1%, holding 60,531 shares worth approximately $6.16 million at the end of the first quarter.
• Recent insider transactions include UPS Director William R. Johnson purchasing 5,000 shares at $86.50 each, raising his ownership by 96.9%.
• UPS reported earnings of $1.55 per share for the last quarter, missing estimates, while its revenue fell 2.7% compared to the same quarter last year.

APG Asset Management N.V. boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 42.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,531 shares of the transportation company's stock after purchasing an additional 17,931 shares during the period. APG Asset Management N.V.'s holdings in United Parcel Service were worth $6,163,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Cadence Bank boosted its position in United Parcel Service by 1.7% during the first quarter. Cadence Bank now owns 75,071 shares of the transportation company's stock valued at $8,257,000 after purchasing an additional 1,262 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in United Parcel Service by 2.3% during the first quarter. Smartleaf Asset Management LLC now owns 6,154 shares of the transportation company's stock valued at $675,000 after purchasing an additional 139 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in United Parcel Service by 16.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 59,102 shares of the transportation company's stock valued at $6,501,000 after purchasing an additional 8,227 shares during the last quarter. AlphaQuest LLC boosted its position in United Parcel Service by 182.9% during the first quarter. AlphaQuest LLC now owns 6,530 shares of the transportation company's stock valued at $718,000 after purchasing an additional 4,222 shares during the last quarter. Finally, Compound Planning Inc. boosted its position in United Parcel Service by 37.1% during the first quarter. Compound Planning Inc. now owns 15,215 shares of the transportation company's stock valued at $1,673,000 after purchasing an additional 4,120 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Activity

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christiana Smith Shi purchased 500 shares of the stock in a transaction dated Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the transaction, the director owned 500 shares of the company's stock, valued at $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group reduced their price objective on United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Wall Street Zen lowered United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price on the stock in a report on Thursday, July 3rd. BNP Paribas upgraded United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. Finally, Evercore ISI cut their target price on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $112.81.

United Parcel Service Trading Down 0.3%

Shares of NYSE:UPS opened at $87.48 on Wednesday. The company has a market cap of $74.15 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.61 and a beta of 1.12. The stock's 50-day moving average is $95.38 and its 200-day moving average is $101.57. United Parcel Service, Inc. has a 52-week low of $84.28 and a 52-week high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly 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). The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.79 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

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.

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