United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. significantly increased its stake in United Parcel Service (NYSE:UPS), buying 3,961,255 shares and raising its holdings by 1,056.6% in the first quarter.
• United Parcel Service reported an EPS of $1.49 for the recent quarter, surpassing analysts' expectations of $1.38, along with a revenue of $21.50 billion.
• The company declared a quarterly dividend of $1.64 per share, translating to an annual yield of 6.39%, with a high dividend payout ratio of 95.63%.

Pacer Advisors Inc. boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1,056.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,336,175 shares of the transportation company's stock after purchasing an additional 3,961,255 shares during the period. United Parcel Service comprises approximately 1.1% of Pacer Advisors Inc.'s portfolio, making the stock its 22nd largest position. Pacer Advisors Inc. owned 0.51% of United Parcel Service worth $476,936,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Gallacher Capital Management LLC purchased a new position in United Parcel Service in the 1st quarter valued at approximately $620,000. Garde Capital Inc. purchased a new stake in shares of United Parcel Service during the 1st quarter worth $37,000. Golden State Wealth Management LLC lifted its position in shares of United Parcel Service by 61.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock worth $173,000 after purchasing an additional 599 shares during the last quarter. CWA Asset Management Group LLC lifted its position in shares of United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock worth $381,000 after purchasing an additional 193 shares during the last quarter. Finally, Advisor Resource Council purchased a new stake in shares of United Parcel Service during the 1st quarter worth $437,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE UPS traded down $9.79 during trading on Tuesday, reaching $91.79. The company's stock had a trading volume of 12,871,181 shares, compared to its average volume of 5,964,069. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $77.73 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 1.99 and a beta of 1.21. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $145.01. The business's fifty day moving average price is $100.06 and its 200-day moving average price is $106.94.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.02). United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. During the same quarter last year, the business earned $1.79 EPS. United Parcel Service's revenue was down 2.7% compared to the same quarter last year. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.15%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Analyst Ratings Changes

Several research firms have recently issued reports on UPS. Susquehanna decreased their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Truist Financial decreased their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. BNP Paribas raised shares of United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Redburn Atlantic decreased their price objective on shares of United Parcel Service from $137.00 to $117.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Barclays decreased their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has a consensus rating of "Hold" and an average target price of $116.32.

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.