United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Ontario Teachers Pension Plan Board

Key Points

• Ontario Teachers Pension Plan Board increased its stake in United Parcel Service, Inc. by 71.9% during the first quarter, bringing its total to 15,177 shares valued at approximately $1.67 million.
• United Parcel Service recently announced a quarterly dividend of $1.64 per share, which reflects an annualized dividend yield of 7.6%, although the payout ratio is at a high 97.62%.
• Several analysts have downgraded their ratings on United Parcel Service, with Susquehanna reducing its price target from $110 to $100, while the consensus rating remains a "Hold" with a target price of $112.81.

Ontario Teachers Pension Plan Board grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 71.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,177 shares of the transportation company's stock after purchasing an additional 6,347 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in United Parcel Service were worth $1,669,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service in the 1st quarter worth approximately $26,000. Pinney & Scofield Inc. purchased a new position in United Parcel Service during the fourth quarter valued at $27,000. Citizens National Bank Trust Department raised its stake in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after buying an additional 210 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth $31,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Down 0.4%

UPS traded down $0.39 during trading on Monday, hitting $86.29. 3,411,164 shares of the stock were exchanged, compared to its average volume of 6,287,445. The firm has a 50 day simple moving average of $98.23 and a 200 day simple moving average of $104.23. The firm has a market cap of $73.07 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 1.58 and a beta of 1.12. United Parcel Service, Inc. has a 1 year low of $84.28 and a 1 year 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.

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

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is 97.62%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Truist Financial dropped their price objective on United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Susquehanna dropped their price target on United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. Stifel Canada dropped their price target on United Parcel Service from $145.00 to $124.00 in a research note on Wednesday, April 30th. Finally, Bank of America reissued a "neutral" rating and set a $98.00 price target on shares of United Parcel Service in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $112.81.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the company's stock in a transaction on Thursday, July 31st. The shares were acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director owned 10,160 shares of the company's stock, valued at $878,840. The trade was a 96.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the company's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The disclosure for this purchase can be found here. 0.13% of the stock is currently owned by company insiders.

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.