J. Safra Sarasin Holding AG Decreases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Key Points

• J. Safra Sarasin Holding AG reduced its stake in United Parcel Service (UPS) by 0.9%, selling 4,014 shares in the first quarter, now holding 420,634 shares valued at approximately $46 million.
• Several hedge funds made significant changes to their UPS holdings, with Pacer Advisors raising their position by an astonishing 1,056.6% during the same period.
• The recent quarterly earnings report for UPS revealed an EPS of $1.55, slightly missing analyst expectations of $1.56, along with a year-over-year revenue decline of 2.7%.

J. Safra Sarasin Holding AG trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 420,634 shares of the transportation company's stock after selling 4,014 shares during the quarter. J. Safra Sarasin Holding AG's holdings in United Parcel Service were worth $46,266,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UPS. Pacer Advisors Inc. lifted its position in shares of United Parcel Service by 1,056.6% during the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock valued at $476,936,000 after buying an additional 3,961,255 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at approximately $145,846,000. Price T Rowe Associates Inc. MD raised its position in shares of United Parcel Service by 19.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock valued at $815,102,000 after purchasing an additional 1,064,293 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of United Parcel Service by 316.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock valued at $141,581,000 after purchasing an additional 853,388 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its position in shares of United Parcel Service by 667.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 822,633 shares of the transportation company's stock valued at $103,734,000 after purchasing an additional 715,396 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on UPS shares. Bank of America reaffirmed a "neutral" rating and issued a $98.00 price objective on shares of United Parcel Service in a research report on Tuesday. Truist Financial decreased 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 research report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Wells Fargo & Company cut their price target on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, Hsbc Global Res downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $112.81.

Insider Buying and Selling at United Parcel Service

In related news, CEO Carol B. Tome purchased 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the acquisition, the chief executive officer directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The shares were bought at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.13% of the stock is owned by insiders.

United Parcel Service Trading Down 1.9%

Shares of UPS stock opened at $84.54 on Friday. The stock's fifty day moving average is $99.32 and its two-hundred day moving average is $106.14. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.09 and a current ratio of 1.32. The firm has a market capitalization of $71.59 billion, a P/E ratio of 12.58, a PEG ratio of 1.56 and a beta of 1.12. United Parcel Service, Inc. has a fifty-two week low of $84.28 and a fifty-two week high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.79 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is currently 97.62%.

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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