United Parcel Service, Inc. $UPS Shares Bought by Bridge Creek Capital Management LLC

Key Points

• Bridge Creek Capital Management LLC increased its stake in United Parcel Service, Inc. by 9.4% in Q2, owning 40,539 shares valued at approximately $4.09 million.
• United Parcel Service reported $1.55 earnings per share for the last quarter, slightly missing analysts' estimates and experiencing a 2.7% decline in revenue year-over-year.
• The company announced a quarterly dividend of $1.64 per share, resulting in an annualized dividend yield of 7.8%.

Bridge Creek Capital Management LLC raised its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 9.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,539 shares of the transportation company's stock after acquiring an additional 3,494 shares during the period. Bridge Creek Capital Management LLC's holdings in United Parcel Service were worth $4,092,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of 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 acquiring an additional 4,988,044 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 3,961,255 shares during the last quarter. Nuveen LLC purchased a new stake in shares of United Parcel Service in the 1st quarter valued at $201,358,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 acquiring an additional 1,780,807 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of 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 acquiring an additional 1,264,842 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wolfe Research dropped their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a report on Tuesday, July 1st. BNP Paribas upgraded United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Oppenheimer reduced their price target on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Vertical Research reiterated a "hold" rating and issued a $103.00 target price on shares of United Parcel Service in a research note on Wednesday, July 30th. Finally, Wall Street Zen cut shares of United Parcel Service from a "hold" rating to a "sell" rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $111.44.

Insider Buying and Selling

In other news, Director Christiana Smith Shi acquired 500 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was purchased 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 in the company, valued at approximately $44,085. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William R. Johnson acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price 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 of the company's stock, valued at $878,840. The trade was a 96.90% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 17,182 shares of company stock worth $1,477,382. Insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

Shares of UPS stock traded down $0.91 during mid-day trading on Friday, hitting $84.14. 18,090,067 shares of the stock were exchanged, compared to its average volume of 7,575,006. The firm has a fifty day moving average of $89.48 and a 200 day moving average of $97.66. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The company has a market cap of $71.31 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08.

United Parcel Service (NYSE:UPS - Get Free Report) last posted 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). The firm had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company's revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.79 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Monday, August 18th. United Parcel Service's dividend payout ratio 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.