Arrowstreet Capital Limited Partnership Sells 90,444 Shares of United Parcel Service, Inc. $UPS

Key Points

• Arrowstreet Capital reduced its UPS stake by 2.2%, selling 90,444 shares and leaving it with 3,996,418 shares worth about $333.82 million (≈0.47% of the company).
• UPS beat quarterly EPS estimates ($2.38 vs. $2.20) on $24.48 billion in revenue (down 3.2% YoY) and recently paid a $1.64 quarterly dividend (annualized $6.56) implying a ~6.7% yield with a 100% payout ratio.
• Insider Norman M. Brothers Jr. sold 25,014 shares on January 28 at an average price of $106.15 for proceeds of about $2.66 million.

Arrowstreet Capital Limited Partnership lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,996,418 shares of the transportation company's stock after selling 90,444 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.47% of United Parcel Service worth $333,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. CFS Investment Advisory Services LLC increased its holdings in shares of United Parcel Service by 2.6% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company's stock worth $372,000 after purchasing an additional 108 shares in the last quarter. Center for Financial Planning Inc. lifted its holdings in shares of United Parcel Service by 4.6% during the third quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company's stock valued at $214,000 after purchasing an additional 112 shares in the last quarter. Wealth Advisory Solutions LLC boosted its position in shares of United Parcel Service by 2.3% during the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company's stock valued at $431,000 after buying an additional 118 shares during the last quarter. Winch Advisory Services LLC boosted its position in shares of United Parcel Service by 37.3% during the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company's stock valued at $38,000 after buying an additional 124 shares during the last quarter. Finally, Country Trust Bank increased its holdings in United Parcel Service by 4.8% in the 2nd quarter. Country Trust Bank now owns 2,747 shares of the transportation company's stock worth $277,000 after buying an additional 125 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company's stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of United Parcel Service from $99.00 to $107.00 and gave the company a "neutral" rating in a research note on Wednesday, January 28th. Truist Financial boosted their price objective on shares of United Parcel Service from $120.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. BNP Paribas Exane downgraded shares of United Parcel Service from a "neutral" rating to an "underperform" rating and set a $85.00 price objective on the stock. in a research report on Tuesday, January 13th. Susquehanna lifted their target price on shares of United Parcel Service from $105.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 20th. Finally, Evercore boosted their target price on shares of United Parcel Service from $94.00 to $113.00 and gave the company an "in-line" rating in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $113.67.

United Parcel Service Stock Performance

UPS opened at $97.84 on Friday. The company's 50 day moving average is $110.12 and its 200 day moving average is $97.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45. The company has a market cap of $83.07 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.59 and a beta of 1.08. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The business had revenue of $24.48 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the firm earned $2.75 earnings per share. The company's quarterly revenue was down 3.2% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service's payout ratio is currently 100.00%.

United Parcel Service Profile

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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