5,363 Shares in United Parcel Service, Inc. $UPS Purchased by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired a new stake of 5,363 shares in United Parcel Service, valued at approximately $590,000, as disclosed in a recent 13F filing.
• Several hedge funds, including Brighton Jones LLC and Gallagher Fiduciary Advisors LLC, significantly increased their holdings in UPS, illustrating growing institutional investment interest.
• United Parcel Service announced a quarterly dividend of $1.64, with a dividend yield of 7.5%, while maintaining a high dividend payout ratio of 97.62%.

Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,363 shares of the transportation company's stock, valued at approximately $590,000.

A number of other institutional investors and hedge funds have also modified their holdings of UPS. Goldman Sachs Group Inc. raised its holdings in shares of United Parcel Service by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock worth $991,132,000 after acquiring an additional 4,988,044 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of United Parcel Service by 1,056.6% during the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock worth $476,936,000 after acquiring an additional 3,961,255 shares in the last quarter. Nuveen LLC purchased a new stake in shares of United Parcel Service during the first quarter worth $201,358,000. Charles Schwab Investment Management Inc. raised its holdings in shares of United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock worth $2,754,751,000 after acquiring an additional 1,780,807 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth $145,846,000. Hedge funds and other institutional investors 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 bought 500 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were 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 of the company's stock, valued at $44,085. This represents a ∞ increase in their ownership of the stock. 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.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group cut their price objective on United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Wall Street Zen lowered United Parcel Service from a "hold" rating to a "sell" rating in a report on Saturday. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target on the stock in a report on Thursday, July 3rd. Barclays decreased their price objective on shares of United Parcel Service from $90.00 to $80.00 and set an "underweight" rating for the company in a report on Thursday, July 31st. Finally, Morgan Stanley lowered their target price on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $112.81.

United Parcel Service Stock Up 0.3%

United Parcel Service stock traded up $0.27 during mid-day trading on Monday, hitting $87.54. 6,834,049 shares of the company's stock were exchanged, compared to its average volume of 8,057,620. The stock has a market cap of $74.20 billion, a P/E ratio of 13.03, a P/E/G ratio of 1.60 and a beta of 1.08. The stock has a 50 day moving average of $94.68 and a two-hundred day moving average of $100.91. United Parcel Service, Inc. has a 1-year low of $84.28 and a 1-year high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

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. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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 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.