Federation des caisses Desjardins du Quebec Has $6.77 Million Stock Holdings in United Parcel Service, Inc. $UPS

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in United Parcel Service (UPS) by 11.5%, acquiring an additional 6,365 shares, bringing their total ownership to 61,517 shares valued at approximately $6.77 million.
• CEO Carol B. Tome purchased 11,682 shares of UPS stock at an average cost of $85.67, increasing her stake by 89.61%, while Director William R. Johnson boosted his position by 96.90% with a purchase of 5,000 shares.
• UPS reported earnings of $1.55 per share for the last quarter, slightly missing analysts' expectations, and a quarterly dividend of $1.64 was declared, reflecting an annualized yield of 7.7%.

Federation des caisses Desjardins du Quebec boosted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 11.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,517 shares of the transportation company's stock after buying an additional 6,365 shares during the period. Federation des caisses Desjardins du Quebec's holdings in United Parcel Service were worth $6,766,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings 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 worth $991,132,000 after purchasing an additional 4,988,044 shares during the period. Pacer Advisors Inc. raised its holdings in 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 worth $476,936,000 after purchasing an additional 3,961,255 shares during the period. Nuveen LLC acquired a new stake in United Parcel Service in the first quarter worth $201,358,000. Charles Schwab Investment Management Inc. raised its holdings in United Parcel Service by 7.7% in the first 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, Vanguard Group Inc. raised its holdings in United Parcel Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company's stock worth $7,274,323,000 after purchasing an additional 999,832 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 0.6%

UPS traded up $0.48 on Friday, hitting $84.96. 8,580,388 shares of the company were exchanged, compared to its average volume of 7,905,999. United Parcel Service, Inc. has a 12 month low of $83.67 and a 12 month high of $145.01. The company has a market cap of $72.01 billion, a PE ratio of 12.64, a PEG ratio of 1.56 and a beta of 1.08. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The stock's fifty day moving average is $93.18 and its 200-day moving average is $99.96.

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 (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the company posted $1.79 EPS. The business's revenue was down 2.7% on a year-over-year basis. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Monday, August 18th. United Parcel Service's payout ratio is currently 97.62%.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares in the company, valued at approximately $878,840. The trade was a 96.90% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christiana Smith Shi acquired 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director owned 500 shares of the company's stock, valued at approximately $44,085. This trade represents a ∞ increase in their ownership of the stock. 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 quarter. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

UPS has been the topic of several analyst reports. Wall Street Zen upgraded shares of United Parcel Service from a "sell" rating to a "hold" rating in a report on Sunday. Morgan Stanley cut their target price on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a report on Wednesday, July 30th. Barclays cut their price target on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a report on Thursday, July 31st. Bank of America decreased their price objective on United Parcel Service from $98.00 to $91.00 and set a "buy" rating for the company in a report on Tuesday, September 2nd. Finally, Evercore ISI dropped their target price on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $112.59.

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.