Canada Pension Plan Investment Board Increases Stake in United Parcel Service, Inc. $UPS

Key Points

• The Canada Pension Plan Investment Board increased its stake in United Parcel Service by 81.3%, acquiring 148,839 shares and bringing its total ownership to 331,835 shares worth approximately $36.5 million.
• Insider trading activity includes Director Christiana Smith Shi purchasing 500 shares and Director William R. Johnson acquiring 5,000 shares, indicating confidence in the company's performance.
• United Parcel Service announced a $1.64 quarterly dividend, reflecting a strong annual yield of 7.5%, while also reporting a revenue decrease of 2.7% year-over-year.

Canada Pension Plan Investment Board increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 81.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,835 shares of the transportation company's stock after acquiring an additional 148,839 shares during the period. Canada Pension Plan Investment Board's holdings in United Parcel Service were worth $36,499,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Gallacher Capital Management LLC bought a new stake in United Parcel Service during the first quarter worth about $620,000. Garde Capital Inc. bought a new stake in United Parcel Service during the first quarter worth about $37,000. Golden State Wealth Management LLC boosted its stake in United Parcel Service by 61.3% during the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock worth $173,000 after acquiring an additional 599 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in United Parcel Service by 5.9% during the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock worth $381,000 after acquiring an additional 193 shares in the last quarter. Finally, Advisor Resource Council bought a new position in shares of United Parcel Service in the first quarter worth approximately $437,000. Institutional investors own 60.26% of the company's stock.

Insider Activity

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the acquisition, the director owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction on Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the acquisition, 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. Insiders purchased 17,182 shares of company stock valued at $1,477,382 over the last three months. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 30th. Truist Financial dropped their target price on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Morgan Stanley dropped 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 note on Wednesday, July 30th. Wall Street Zen downgraded shares of United Parcel Service from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Oppenheimer dropped their target price on shares of United Parcel Service from $114.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. One investment 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $112.81.

United Parcel Service Stock Performance

Shares of UPS traded up $0.27 during mid-day trading on Monday, hitting $87.54. 6,834,049 shares of the company traded hands, compared to its average volume of 8,057,620. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a 50-day moving average price of $94.42 and a two-hundred day moving average price of $100.71. United Parcel Service, Inc. has a 1 year low of $84.28 and a 1 year high of $145.01. The stock has a market cap of $74.20 billion, a price-to-earnings ratio of 13.03, a P/E/G ratio of 1.60 and a beta of 1.08.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. During the same period in the previous 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. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be issued a dividend of $1.64 per share. 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 payout ratio 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.