Charter Capital Management LLC DE Makes New $822,000 Investment in United Parcel Service, Inc. $UPS

Key Points

• Charter Capital Management LLC DE has invested approximately $822,000 in United Parcel Service, acquiring 8,139 shares, which now constitutes about 0.5% of its total holdings.
• Recent insider transactions include CEO Carol B. Tome purchasing 11,682 shares and Director William R. Johnson buying 5,000 shares, significantly increasing their ownership stakes.
• United Parcel Service recently announced a quarterly dividend of $1.64 per share, which reflects an annualized yield of 7.8% and a high dividend payout ratio of 97.62%.

Charter Capital Management LLC DE acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,139 shares of the transportation company's stock, valued at approximately $822,000. United Parcel Service accounts for about 0.5% of Charter Capital Management LLC DE's holdings, making the stock its 23rd biggest position.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock valued at $991,132,000 after purchasing an additional 4,988,044 shares in the last quarter. Pacer Advisors Inc. grew its stake 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 buying an additional 3,961,255 shares during the period. Nuveen LLC bought a new stake in United Parcel Service in the 1st quarter valued at about $201,358,000. Charles Schwab Investment Management Inc. raised its stake in United Parcel Service by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock worth $2,754,751,000 after buying an additional 1,780,807 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in United Parcel Service by 443.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company's stock worth $156,453,000 after acquiring an additional 1,264,842 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares of the company's stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by company insiders.

United Parcel Service Stock Up 0.1%

Shares of NYSE:UPS opened at $84.35 on Wednesday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The company has a market capitalization of $71.50 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. The business has a fifty day moving average price of $88.86 and a two-hundred day moving average price of $97.15. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $20.90 billion. During the same quarter in the previous year, the firm earned $1.79 earnings per share. The firm's revenue was down 2.7% compared to the same quarter last year. Analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UPS. Citigroup lowered their target price on United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Vertical Research reiterated a "hold" rating and set a $103.00 price objective on shares of United Parcel Service in a report on Wednesday, July 30th. Wolfe Research decreased their target price on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a research report on Tuesday, July 1st. Finally, Wall Street Zen cut shares of United Parcel Service from a "hold" rating to a "sell" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $111.44.

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.

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