4,450 Shares in United Parcel Service, Inc. $UPS Acquired by Perbak Capital Partners LLP

Key Points

• Perbak Capital Partners LLP has invested approximately $489,000 in shares of United Parcel Service, Inc. (UPS), acquiring 4,450 shares during the first quarter.
• UPS reported a quarterly dividend of $1.64 per share, with an annualized dividend yield of 7.5% and a payout ratio of 97.62%.
• Several analysts have revised their price targets on UPS shares, with a consensus rating currently at "Hold" and an average target price of $112.81.

Perbak Capital Partners LLP acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,450 shares of the transportation company's stock, valued at approximately $489,000.

Several other hedge funds have also recently modified their holdings of UPS. Brighton Jones LLC raised its position in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after buying an additional 4,723 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in shares of United Parcel Service by 35.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 13,717 shares of the transportation company's stock worth $1,730,000 after purchasing an additional 3,588 shares during the period. BIP Wealth LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $366,000. Chapman Financial Group LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $796,000. Finally, Castlekeep Investment Advisors LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $145,846,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Trading Down 1.0%

UPS traded down $0.82 on Thursday, hitting $84.47. The company had a trading volume of 9,578,028 shares, compared to its average volume of 6,527,583. The firm has a market cap of $71.59 billion, a P/E ratio of 12.57, a PEG ratio of 1.60 and a beta of 1.08. United Parcel Service, Inc. has a 1 year low of $83.67 and a 1 year high of $145.01. The company's fifty day moving average price is $93.83 and its 200 day moving average price is $100.50. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company 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 firm's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.79 earnings per share. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company 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 $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service's payout ratio is currently 97.62%.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of the company's stock in a transaction on Thursday, July 31st. The stock was bought at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director directly owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of the company's stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 17,182 shares of company stock valued at $1,477,382 in the last three months. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on UPS. Barclays dropped their price objective on shares of United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a research note on Thursday, July 31st. Morgan Stanley dropped their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 30th. Bank of America dropped their price objective on shares of United Parcel Service from $98.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday. BNP Paribas raised shares of United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Finally, Vertical Research reaffirmed a "hold" rating and set a $103.00 target price on shares of United Parcel Service in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and an average price target of $112.59.

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.