Perpetual Ltd Has $1.94 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Perpetual Ltd increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 69.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,657 shares of the transportation company's stock after purchasing an additional 7,248 shares during the period. Perpetual Ltd's holdings in United Parcel Service were worth $1,942,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock worth $8,213,699,000 after buying an additional 370,705 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after buying an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after buying an additional 414,710 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after buying an additional 1,484,452 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after buying an additional 268,278 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Trading Up 0.6%

UPS stock traded up $0.62 during midday trading on Friday, reaching $101.22. The company's stock had a trading volume of 5,867,283 shares, compared to its average volume of 5,194,276. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The stock has a market cap of $85.71 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.77 and a beta of 1.22. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The business's 50-day simple moving average is $98.18 and its 200-day simple moving average is $110.69.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm earned $1.43 earnings per share. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.48%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UPS. Barclays dropped 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 report on Monday, March 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a report on Friday, March 7th. They set a "hold" rating and a $119.00 price objective for the company. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Truist Financial decreased their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $98.00 price target (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and an average price target of $120.26.

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.