Phoenix Financial Ltd. Has $1.73 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Key Points

• Phoenix Financial Ltd. significantly increased its stake in United Parcel Service (UPS) by 192.4%, acquiring an additional 10,330 shares, bringing its total holdings to 15,698 shares worth $1,734,000.
• UPS reported $1.49 earnings per share for the last quarter, exceeding estimates and reflecting a return on equity of 40.15%, despite a 0.9% year-over-year decline in revenue.
• The company recently declared a quarterly dividend of $1.64 per share, resulting in an annualized dividend of $6.56 and a substantial dividend yield of 6.33%.

Phoenix Financial Ltd. increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 192.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,698 shares of the transportation company's stock after purchasing an additional 10,330 shares during the quarter. Phoenix Financial Ltd.'s holdings in United Parcel Service were worth $1,734,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in UPS. Geode Capital Management LLC lifted its stake in United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after acquiring an additional 414,710 shares during the last quarter. Franklin Resources Inc. lifted its stake in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after acquiring an additional 1,484,452 shares during the last quarter. FMR LLC lifted its stake in United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after acquiring an additional 268,278 shares during the last quarter. Norges Bank acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $1,075,393,000. Finally, Northern Trust Corp lifted its stake in United Parcel Service by 9.6% in the fourth quarter. Northern Trust Corp now owns 7,391,605 shares of the transportation company's stock valued at $932,081,000 after acquiring an additional 648,539 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

NYSE UPS traded down $1.33 on Wednesday, hitting $89.51. 10,553,555 shares of the company were exchanged, compared to its average volume of 6,083,134. The firm has a 50 day moving average of $99.92 and a two-hundred day moving average of $106.83. The company has a market cap of $75.80 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.95 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a 1-year low of $88.15 and a 1-year high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. During the same quarter in the previous year, the company posted $1.79 earnings per share. The business's revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 7.33%. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. DA Davidson reduced their target price on shares of United Parcel Service from $154.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target on the stock in a research report on Thursday, July 3rd. Loop Capital dropped their price target on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Stifel Canada dropped their price target on shares of United Parcel Service from $145.00 to $124.00 in a research report on Wednesday, April 30th. Finally, Susquehanna dropped their price target on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $113.38.

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.