Dynamic Technology Lab Private Ltd Purchases 14,606 Shares of United Parcel Service, Inc. $UPS

Key Points

• Dynamic Technology Lab Private Ltd boosted its stake in United Parcel Service by 323.3%, buying 14,606 shares to hold 19,124 shares valued at about $1.597 million at quarter end.
• UPS beat estimates with quarterly EPS of $2.38 and revenue of $24.48 billion, but revenue was down 3.2% year-over-year and EPS declined from $2.75 in the prior-year quarter.
• UPS paid a quarterly dividend of $1.64 (annualized $6.56), implying a roughly 6.4% yield and a dividend payout ratio of 100%.

Dynamic Technology Lab Private Ltd grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 323.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,124 shares of the transportation company's stock after purchasing an additional 14,606 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in United Parcel Service were worth $1,597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Pinney & Scofield Inc. boosted its holdings in shares of United Parcel Service by 47.1% in the third quarter. Pinney & Scofield Inc. now owns 615 shares of the transportation company's stock worth $51,000 after buying an additional 197 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in United Parcel Service by 4.3% during the third quarter. CreativeOne Wealth LLC now owns 28,587 shares of the transportation company's stock valued at $2,388,000 after buying an additional 1,173 shares during the last quarter. Cladis Investment Advisory LLC raised its position in United Parcel Service by 42.6% in the third quarter. Cladis Investment Advisory LLC now owns 27,936 shares of the transportation company's stock worth $2,333,000 after acquiring an additional 8,344 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its position in United Parcel Service by 17.1% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 422,020 shares of the transportation company's stock worth $35,251,000 after acquiring an additional 61,708 shares during the period. Finally, Ameriflex Group Inc. boosted its stake in shares of United Parcel Service by 396.6% during the 3rd quarter. Ameriflex Group Inc. now owns 3,044 shares of the transportation company's stock worth $254,000 after acquiring an additional 2,431 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Down 1.7%

UPS opened at $102.35 on Friday. The stock has a market cap of $86.91 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The firm's fifty day moving average is $110.08 and its 200 day moving average is $97.53. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $123.70.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.18. The business had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.United Parcel Service's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.75 EPS. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were given a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.4%. United Parcel Service's dividend payout ratio (DPR) is currently 100.00%.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of recent research reports. TD Cowen upped their price objective on United Parcel Service from $101.00 to $115.00 and gave the stock a "hold" rating in a research note on Wednesday, January 28th. Wolfe Research reiterated a "peer perform" rating on shares of United Parcel Service in a research report on Thursday, January 8th. Sanford C. Bernstein boosted their price target on United Parcel Service from $122.00 to $125.00 and gave the company an "outperform" rating in a report on Friday, January 9th. Weiss Ratings upgraded United Parcel Service from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, February 6th. Finally, Citigroup decreased their price objective on United Parcel Service from $126.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $113.67.

About United Parcel Service

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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