Inspire Investing LLC Purchases New Holdings in United Parcel Service, Inc. $UPS

Key Points

• Inspire Investing LLC has acquired a new stake in United Parcel Service, purchasing 27,031 shares valued at approximately $2.7 million in the second quarter.
• Several institutional investors, including Goldman Sachs and Pacer Advisors, have significantly increased their holdings in UPS, demonstrating growing institutional interest.
• Despite reporting a 2.7% revenue decline year-over-year, UPS announced a quarterly dividend of $1.64 per share, yielding 7.9% annually, indicating its commitment to returning value to shareholders.

Inspire Investing LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 27,031 shares of the transportation company's stock, valued at approximately $2,728,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Goldman Sachs Group Inc. lifted 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 valued at $991,132,000 after buying an additional 4,988,044 shares in the last quarter. Pacer Advisors Inc. raised its holdings 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 valued at $476,936,000 after acquiring an additional 3,961,255 shares during the last quarter. Nuveen LLC acquired a new stake in United Parcel Service in the 1st quarter valued at about $201,358,000. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $2,754,751,000 after acquiring an additional 1,780,807 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in United Parcel Service by 443.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company's stock valued at $156,453,000 after acquiring an additional 1,264,842 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on UPS. Truist Financial cut their price objective on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. BNP Paribas upgraded shares of United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. Weiss Ratings restated a "sell (d+)" rating on shares of United Parcel Service in a report on Wednesday. Vertical Research restated a "hold" rating and set a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. Finally, Citigroup cut their price target on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating for the company in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $109.38.

Insider Activity

In related news, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christiana Smith Shi acquired 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The stock was bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director owned 500 shares of the company's stock, valued at approximately $44,085. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 17,182 shares of company stock worth $1,477,382. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Stock Down 2.7%

United Parcel Service stock opened at $82.97 on Friday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. 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 firm has a 50 day moving average price of $85.74 and a 200 day moving average price of $94.45. The company has a market capitalization of $70.32 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.57 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its 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 company had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the business posted $1.79 EPS. The firm's revenue for the quarter was down 2.7% on a year-over-year basis. Research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.9%. United Parcel Service's dividend payout ratio is currently 97.62%.

United Parcel Service 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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