Dynamic Technology Lab Private Ltd Purchases 11,940 Shares of United Parcel Service, Inc. $UPS

Key Points

• Dynamic Technology Lab Private Ltd has significantly increased its stake in United Parcel Service, boosting it by 252.4% to $1.83 million, now holding 16,670 shares.
• Analysts have recently downgraded the stock, with Morgan Stanley reducing its price target from $80 to $75, while other firms have varied their recommendations, leaving a consensus rating of "Hold."
• United Parcel Service declared a quarterly dividend of $1.64, with an annualized dividend yield of 7.7%, despite a recent miss in earnings per share compared to analyst expectations.

Dynamic Technology Lab Private Ltd increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 252.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,670 shares of the transportation company's stock after purchasing an additional 11,940 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in United Parcel Service were worth $1,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of UPS. Goldman Sachs Group Inc. increased its stake in United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock worth $991,132,000 after purchasing an additional 4,988,044 shares during the period. Pacer Advisors Inc. increased its stake in 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 worth $476,936,000 after purchasing an additional 3,961,255 shares during the period. Nuveen LLC purchased a new position in United Parcel Service in the 1st quarter worth approximately $201,358,000. Charles Schwab Investment Management Inc. increased its stake in United Parcel Service by 7.7% in 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 purchasing an additional 1,780,807 shares during the period. Finally, AQR Capital Management LLC increased its stake in United Parcel Service by 582.0% in the 1st quarter. AQR Capital Management LLC now owns 1,180,709 shares of the transportation company's stock worth $128,886,000 after purchasing an additional 1,007,585 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on UPS. Oppenheimer decreased their price target on 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. Barclays decreased their price target on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a research note on Thursday, July 31st. Morgan Stanley cut their price objective on 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. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 8th. Finally, Argus cut their price objective on United Parcel Service from $150.00 to $120.00 in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $112.59.

Insider Activity at United Parcel Service

In other news, CEO Carol B. Tome purchased 11,682 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares of the company's stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christiana Smith Shi purchased 500 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the transaction, the director directly 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. Insiders have bought 17,182 shares of company stock worth $1,477,382 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Trading Down 0.8%

Shares of UPS traded down $0.72 during trading hours on Monday, reaching $84.32. 11,772,014 shares of the company traded hands, compared to its average volume of 8,021,019. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 12 month low of $83.05 and a 12 month high of $145.01. The company has a market capitalization of $71.47 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The company's fifty day moving average price is $92.84 and its two-hundred day moving average price is $99.62.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the prior year, the firm earned $1.79 earnings per share. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. Equities research analysts predict 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. Investors of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. United Parcel Service's payout ratio is currently 97.62%.

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.