DDD Partners LLC Raises Stock Holdings in United Parcel Service, Inc. $UPS

Key Points

• DDD Partners LLC increased its stake in United Parcel Service by 16.0%, owning 215,816 shares valued at approximately $21.78 million as of their latest filing.
• Several institutional investors, including AlphaQuest LLC and Sumitomo Mitsui Trust Group Inc., have also increased their investments in UPS, underscoring strong institutional interest.
• United Parcel Service's recent earnings report showed earnings per share of $1.55, missing estimates, while revenue of $21.20 billion exceeded expectations, indicating mixed performance.

DDD Partners LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 16.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 215,816 shares of the transportation company's stock after buying an additional 29,747 shares during the period. United Parcel Service makes up approximately 2.3% of DDD Partners LLC's portfolio, making the stock its 13th biggest position. DDD Partners LLC's holdings in United Parcel Service were worth $21,784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AlphaQuest LLC raised its holdings in United Parcel Service by 44.3% in the 2nd quarter. AlphaQuest LLC now owns 9,421 shares of the transportation company's stock valued at $951,000 after buying an additional 2,891 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in United Parcel Service by 5.8% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,879,372 shares of the transportation company's stock worth $189,704,000 after purchasing an additional 103,422 shares during the period. Moloney Securities Asset Management LLC increased its stake in United Parcel Service by 123.0% during the second quarter. Moloney Securities Asset Management LLC now owns 11,471 shares of the transportation company's stock worth $1,158,000 after purchasing an additional 6,326 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new stake in United Parcel Service during the second quarter worth about $71,000. Finally, Asset Management One Co. Ltd. increased its stake in United Parcel Service by 10.2% during the second quarter. Asset Management One Co. Ltd. now owns 330,738 shares of the transportation company's stock worth $33,385,000 after purchasing an additional 30,509 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Evercore ISI cut their price target on shares of United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a research note on Wednesday, July 30th. 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 research note on Thursday, July 3rd. Wolfe Research cut their price target on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 1st. Galvan Research cut their price target on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. Finally, Oppenheimer cut 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 equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $109.31.

United Parcel Service Stock Performance

Shares of UPS stock traded up $0.94 during trading hours on Friday, hitting $87.97. The stock had a trading volume of 558,160 shares, compared to its average volume of 6,698,311. The firm has a market capitalization of $74.56 billion, a PE ratio of 13.06, a PEG ratio of 1.61 and a beta of 1.10. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $140.33. The stock's 50 day moving average is $85.55 and its 200 day moving average is $93.20. 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 posted 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). The firm 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%. United Parcel Service's revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 earnings per share. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.5%. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Insider Activity

In other news, Director Christiana Smith Shi acquired 500 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were bought at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director directly owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were bought 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 owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 17,182 shares of company stock worth $1,477,382 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Company 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.

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