OMERS ADMINISTRATION Corp Cuts Position in United Parcel Service, Inc. $UPS

Key Points

• OMERS Administration Corp reduced its stake in United Parcel Service (UPS) by 14.1% during the first quarter, resulting in total holdings worth $2.87 million.
• Multiple institutional investors have increased their stakes in UPS, highlighting a trend of growing interest among hedge funds in the company.
• United Parcel Service's latest earnings report showed an EPS of $1.55, slightly below analyst expectations, while the company announced a $1.64 dividend per share with a yield of 7.5%.

OMERS ADMINISTRATION Corp lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,064 shares of the transportation company's stock after selling 4,270 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in United Parcel Service were worth $2,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UPS. Truvestments Capital LLC grew its stake in United Parcel Service by 67.3% in the first quarter. Truvestments Capital LLC now owns 37,363 shares of the transportation company's stock worth $4,110,000 after purchasing an additional 15,033 shares during the period. B. Metzler seel. Sohn & Co. AG grew its stake in United Parcel Service by 29.1% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 60,749 shares of the transportation company's stock worth $6,682,000 after purchasing an additional 13,689 shares during the period. Paces Ferry Wealth Advisors LLC grew its stake in United Parcel Service by 30.6% in the first quarter. Paces Ferry Wealth Advisors LLC now owns 4,156 shares of the transportation company's stock worth $457,000 after purchasing an additional 974 shares during the period. CreativeOne Wealth LLC grew its stake in United Parcel Service by 3.1% in the first quarter. CreativeOne Wealth LLC now owns 14,875 shares of the transportation company's stock worth $1,636,000 after purchasing an additional 447 shares during the period. Finally, Ieq Capital LLC grew its stake in United Parcel Service by 824.4% in the first quarter. Ieq Capital LLC now owns 41,190 shares of the transportation company's stock worth $4,530,000 after purchasing an additional 36,734 shares during the period. Institutional investors own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on UPS shares. Oppenheimer cut their target price 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. Wells Fargo & Company cut their target price on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 30th. Bank of America reissued a "neutral" rating and issued a $98.00 target price on shares of United Parcel Service in a research note on Tuesday, July 29th. Wall Street Zen cut United Parcel Service from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Wolfe Research cut their target price on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and an average price target of $112.81.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of $86.50 per share, with a total value of $432,500.00. Following the purchase, the director owned 10,160 shares of the company's stock, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director directly owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 17,182 shares of company stock valued at $1,477,382 over the last quarter. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Performance

UPS stock traded up $0.27 during trading on Monday, reaching $87.54. The stock had a trading volume of 6,834,049 shares, compared to its average volume of 8,057,620. United Parcel Service, Inc. has a 52 week low of $84.28 and a 52 week high of $145.01. The stock's 50 day moving average is $94.68 and its two-hundred day moving average is $100.91. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm has a market cap of $74.20 billion, a PE ratio of 13.03, a PEG ratio of 1.60 and a beta of 1.08.

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 analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the prior year, the company posted $1.79 EPS. The firm's revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts anticipate 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 will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be paid a $1.64 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.5%. United Parcel Service's dividend payout ratio (DPR) is 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.