United Parcel Service, Inc. (NYSE:UPS) Holdings Raised by Cary Street Partners Financial LLC

Key Points

• Cary Street Partners Financial LLC increased its stake in United Parcel Service (UPS), acquiring an additional 4,957 shares, bringing its total holdings to 40,090 shares valued at $4.4 million.
• UPS recently reported $1.55 EPS, slightly missing expectations, with revenue of $21.20 billion, down 2.7% year-over-year.
• The company declared a quarterly dividend of $1.64, providing a 7.6% dividend yield, but its dividend payout ratio stands at a high 97.62%.

Cary Street Partners Financial LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,090 shares of the transportation company's stock after purchasing an additional 4,957 shares during the period. Cary Street Partners Financial LLC's holdings in United Parcel Service were worth $4,409,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of UPS. Pacer Advisors Inc. increased its holdings in shares of United Parcel Service by 1,056.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock valued at $476,936,000 after purchasing an additional 3,961,255 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in United Parcel Service during the fourth quarter worth $145,846,000. Price T Rowe Associates Inc. MD grew its holdings in United Parcel Service by 19.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock worth $815,102,000 after acquiring an additional 1,064,293 shares during the period. Janus Henderson Group PLC grew its holdings in United Parcel Service by 316.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock worth $141,581,000 after acquiring an additional 853,388 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its holdings in United Parcel Service by 667.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 822,633 shares of the transportation company's stock worth $103,734,000 after acquiring an additional 715,396 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Down 0.6%

Shares of NYSE:UPS traded down $0.51 during mid-day trading on Wednesday, hitting $86.27. 6,325,788 shares of the company traded hands, compared to its average volume of 7,847,141. The firm has a market cap of $73.06 billion, a P/E ratio of 12.84, a PEG ratio of 1.58 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.09 and a current ratio of 1.32. United Parcel Service, Inc. has a 52-week low of $84.28 and a 52-week high of $145.01. The firm's 50 day simple moving average is $98.89 and its 200 day simple moving average is $105.38.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.79 earnings per share. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service's payout ratio is currently 97.62%.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the company's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director directly owned 10,160 shares of the company's stock, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Carol B. Tome acquired 11,682 shares of the company's stock in a transaction on Friday, August 1st. The shares were acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on UPS. Daiwa America dropped their price objective on United Parcel Service from $120.00 to $103.00 in a report on Wednesday, April 30th. Argus dropped their price objective on United Parcel Service from $150.00 to $120.00 in a report on Friday, May 23rd. Bank of America reaffirmed a "neutral" rating and set a $98.00 price objective on shares of United Parcel Service in a report on Tuesday, July 29th. Morgan Stanley dropped their price objective on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a report on Wednesday, July 30th. Finally, Stifel Nicolaus dropped their price objective on United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $112.81.

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.